11
Mar
10:52
Vietnam awaits domestic HRC allocations, China eyes deals
Limited orders of Chinese-origin hot rolled coil were concluded in Vietnam during the past week, Kallanish notes. Import buying was slow because end-users are waiting for new hot strip allocations from domestic producer Formosa Ha Tinh Steel.
A Vietnamese end-user bought a 10,000-tonne cargo of Chinese 2-2.5mm thickness SAE 1006 HRC for May shipment at $910/tonne cfr Vietnam on 8 March. Bookings previously took place at $860-870/t cfr Vi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous