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17 May

Chinese commercial HRC offer prices lift in Vietnam

Chinese exporters hiked offers for commercial grade hot rolled coil in Vietnam at the end of last week, Kallanish notes. This is in line with the Shanghai Futures Exchange’s upward spiral. Offers for commercial quality 3-12mm Q235B grade HRC for shipment by 10 July are prevailing at $540/tonne cfr Vietnam and for Q195 grade also at $540/t cfr. An offer for end-June shipment of Q195 grade is seen at $538/t cfr. Several bookings for Q235 grade HRC were concl…
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