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15 Mar
12:37

Chinese HRC weakens, ASEAN slab export prices soar

Market sentiment for Chinese hot rolled coil has softened this week, Kallanish notes. As Vietnam's Formosa Ha Tinh is due to release its new domestic HRC prices anytime this week, Vietnamese users have little buying interest for imports. The region continues to see regional slab exported at exceptionally high prices. The Chinese steel market has cooled down on escalating Covid-19 lockdowns and slower domestic demand for steel. Chi…
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