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28 Oct
11:43

Vietnamese HRC market tumbles to two-year lows

Prices of hot rolled coil continue to tumble in Vietnam, Kallanish notes. Market sentiment is negative because there are no signs of any improvement occurring soon. Suppliers continue to invite bids for Chinese HRC at ever lower prices. Traders are continuously bringing down prices and causing jitters in the market, one Chinese trader says. Chinese-origin SS400 grade HRC had been prevailing at $510/tonne cfr Vietnam, down from $520/t cfr earlier last week. But on…
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