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15 Mar
12:10

Vietnamese HRC market spirals downwards

Vietnam’s hot rolled coil import market is spiralling downwards, in tandem with sliding Chinese steel prices, Kallanish notes. Buyers are not keen to place orders in the falling market. Offers for 2mm and up thickness SAE 1006 HRC from China are currently at around $570/tonne cfr Vietnam. However, there are also lower-priced quotes for stock lots. A well-known Vietnamese stockist is offering prompt-shipment stock cargoes of SAE 1006 HRC from China at $5…
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