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06 Jan

Vietnamese HRC market heats up

Vietnam’s re-rolling hot rolled coil import market continues to heat up, Kallanish notes. Buyers have acceded to higher prices and Chinese prices are edging upwards on optimism that property relaxation measures will bolster steel demand in China. An estimated 100,000 tonnes of SAE 1006 HRC were booked at $615-620/t cfr Ho Chi Minh City over the past two weeks. A Vietnamese stockist/trader booked 40,000t from a Chinese mill …
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