19
Nov
09:45
Vietnamese HRC market slips on trader pre-selling
Vietnamese hot rolled coil market sentiment is weak as traders continue to pre-sell cargoes, Kallanish notes. A local producer’s heavy price cut during last week underscored market weakness.
Chinese traders started offering 2-2.5mm thickness SAE 1006 HRC for January shipment from a leading Chinese steel mill at $835/tonne cfr Vietnam on Thursday. The offer comprises 50% of 2mm base thickness, with the remainder being 2-2.5mm thick strip. The traders involved…
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Anonymous
Very good overview of the weekly steel market.
Anonymous