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The Vietnamese hot rolled coil market continues to descend without any signs of support, Kallanish notes. Traders are still short selling Chinese-origin material at prices which are more competitive than local material. Offers for Chinese 2mm and up thickness SAE 1006 HRC are very limited, Chinese trading sources say. A 5,000-tonne cargo for SAE 1006 HRC from a popular Chinese mill is heard offered at $700/tonne cfr, Vietnamese traders say. The trad…
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Anna Low Singapore
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