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27 Jan

Traders predict price jump in Vietnamese HRC market

The Vietnamese hot rolled coil import market was stable last week because of the Lunar New Year holiday. But traders expect suppliers will hike offers when trading resumes this week, Kallanish notes. Offers for Chinese 3-12mm thickness SS400 HRC will rise to $650/tonne cfr Vietnam and for Chinese 2mm and up thickness SAE 1006 HRC possibly to $680/t cfr, a Chinese trader said on Friday. There were no bids for HRC during the past week because Vietnamese buyers …
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