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07 Jun

Vietnamese HRC market drags on sluggishly

Vietnam's hot rolled coil import market continues to drag on with very thin trading activity, Kallanish notes. The lack of demand in Vietnam and steel price instability in China are the main factors behind market sluggishness. Chinese rerolling HRC offers for early-August shipments are stable but continue to struggle amid weak demand. Offers for 2mm upwards thickness HRC are holding ground at $555-560/tonne cfr Vietnam. Cargoes of 50% 2mm and the remainin…
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