21
Oct
13:03
Vietnam’s HRC market sinks into more gloom, losses
The Vietnamese hot rolled coil market remains under pressure to plunge even deeper, Kallanish notes. Weak steel demand, lack of liquidity, and high interest rates are weighing on an already bearish market.
On the domestic front, the market looks grim. Certain domestic stockists are desperately looking for buyers to help liquidate their inventories. While the current price level for SS400 3-12mm thickness HRC is at around $550/tonne equivalent, these…
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Anonymous
Very good overview of the weekly steel market.
Anonymous