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17 Nov

Vietnamese HRC market rises on higher Chinese prices

The Vietnamese hot rolled coil import market continued to rise in tandem with the surge in Chinese steel futures, Kallanish notes. The re-rolling HRC segment has finally risen after being flat in recent weeks. The import market for commercial-quality material has been rising steadily. Offers for SAE 1006 HRC from China have risen to a minimum of $580-585/tonne cfr Vietnam, up from $555-560/t in recent weeks. There are also higher-priced offers at up to $600/t cfr.…
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