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20 Feb

Chinese HRC prices dip in Vietnam

Vietnam’s hot rolled coil import market has seen prices fall this week, Kallanish notes. Suppliers of Chinese HRC cut prices amid weakened market sentiment and a downturn in steel futures in China. With market participants away for the long Lunar New Year holiday, trading effectively resumed only this week. Offers for 3-12mm thickness Q235 and 3mm thickness Q195 HRC from China are prevailing at around $550-555/tonne cfr Vietnam. Several deals for Q235 H…
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