30
Sep
15:53
Vietnamese re-rolling HRC market buckles under demand sluggishness
Vietnamese hot rolled coil, particularly for the re-rolling market, has tumbled, Kallanish notes. Import deals into Vietnam were mostly for Chinese material in September because of its price competitiveness. The market quietened down last week in the run-up to the week-long Chinese holiday commencing on 1 October.
Market sources report that offers on Friday for Chinese 2mm and up thickness SAE 1006 HRC for December shipment were prevailing at $580-590/tonne c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous