19
May
13:23
Vietnamese HRC market drifts sideways
The market mood in Vietnam for hot rolled coil remains muted, Kallanish notes. Demand has not picked up while suppliers for Chinese HRC are maintaining offer prices.
3-12mm thickness SS400/Q195 HRC from China for end-June/early-July shipment is offered at $545-550/tonne cfr Vietnam, unchanged from the week before.
A 2,000-tonne cargo of Q195 from a small Chinese mill was heard ordered at $530/t cfr on 18 May. Many Vietnamese traders think that such a low transact…
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Anonymous
Very good overview of the weekly steel market.
Anonymous