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02 Feb
13:43

Vietnamese HRC market descends on Chinese slowdown, holiday

Vietnam’s hot rolled coil import market is slowing down for the approaching Lunar New Year, Kallanish notes. Market participants are making preparations for the seven-day holiday which officially starts on Thursday. Similarly, with China also celebrating the Lunar New Year, Chinese mills and suppliers have started to withdraw from the market and are preparing for the holiday. But there are some low-priced offers heard. An offer for 10,000 tonnes of 2mm Chineā€¦
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