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09 Feb

Vietnamese HRC market halts for Lunar New Year

Vietnam’s hot rolled coil import market froze during the week leading up to the long Lunar New Year holiday celebrated in Vietnam and China, Kallanish notes. The rerolling HRC market has been subdued in Vietnam for some weeks. Firm offers have been limited, with quotes mostly at $605-610/tonne cfr levels, a regional trader said on Friday. He says suppliers have not been offering because of the lack of buying interest in the market. The domestic market has be…
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