12
May
11:12
Vietnamese HRC market struggles to stay afloat
The hot rolled coil market continues to be weak in Vietnam, Kallanish notes. Certain traders were trying to boost prices higher after the strong uptick in Chinese steel futures. But Vietnamese buyers are unwilling to yield to any price hikes.
Offers for 2mm up thickness SAE 1006 HRC from the popular Chinese mills were down to $600-603/tonne cfr Vietnam on Friday, from around $610/t cfr just the day before, Vietnamese trading sources say. Offers from a certain…
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Anonymous
Very good overview of the weekly steel market.
Anonymous