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29 Jul

Chinese SS400 HRC prices spring up in Vietnam

Vietnam’s import market for commercial-grade hot rolled coil has rebounded, Kallanish notes. Buyers acceded to higher prices after Chinese steel futures picked up. Deals for 3-12mm thickness SS400 HRC struck at $580-590/tonne cfr Vietnam after bottoming out at $550/t cfr at the end of the week through 22 July. The $550/t cfr could have been a trader’s position cargo, though, some market participants say. “The price of $550/t did not hold for…
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Anna Low  |  Singapore
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