The Vietnamese hot rolled coil import market continues to slump after local producer Formosa Ha Tinh (FHS) clipped its domestic HRC prices mid-last week, Kallanish notes. The market is dogged by poor end-use demand and lack of liquidity.
A Ho Chi Minh City trader reports hearing early Friday morning several small-tonnage deals for Q195/Q235 grade HRC at around $520/tonne cfr Vietnam. Offers rose to around $530-535/t cfr that afternoon when Chinese futures rebounde…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.