05
Jan
12:19
Vietnamese HRC market cools on SHFE drop
Vietnam’s import market for Chinese hot rolled coil has cooled after rising strongly in recent days, Kallanish notes. This follows the downward price correction on the Shanghai Futures Exchange (SHFE) at the end of last week.
A parcel of SAE 1006 HRC from China was booked on Thursday at $613/tonne cfr southern Vietnam, a trader reports. But he does not know of more details. The market has fallen by some $5/t because of the decrease in futures, he said o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous