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09 Nov

China-origin commercial HRC prices escalate in Vietnam

The Vietnamese hot rolled coil import market is seeing sparse trades on account of the strengthening of Chinese steel futures, Kallanish notes. Offers have shot up and buyers are slow to react to the sharp price hikes. Offers for Chinese-origin 3mm base thickness Q195 HRC are prevailing at $538-540/tonne cfr Vietnam, up $10/t from 3 November. Suppliers have also raised offers for Chinese 3-12mm thickness Q235 to $548-550/t cfr Vietnam, which is up from $535-538/t …
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