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13 Jan

Vietnamese HRC market surges ahead of new year

The Vietnamese hot rolled coil market continues to see price gains on prospects of a strong rebound in Chinese steel demand post-Lunar New Year. Chinese suppliers are now withdrawing from the market in preparation for this holiday, Kallanish notes. A flurry of buying activity saw Chinese 3-12mm HRC transacted at $620-623/t cfr Vietnam and for Q195 grade HRC at $617-620/t cfr. Offers for SS400 and Q195 grade HRC rose subsequently to at least $630/t cfr and $62…
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