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21 Jun

Vietnamese HRC market stumbles

Exporters continue to cut export prices for hot rolled coil in a bid to entice buyers in Vietnam, Kallanish notes. Buying is heard for commercial HRC at low levels while the market for rerolling HRC remains silent. Chinese 3mm base Q195 HRC offers have slumped to $522-525/t cfr Vietnam. An offer was circulating on 20 June for shipment by end-August at $522/t cfr and a deal was heard to have concluded at this same price level last Monday. Some deals may have take…
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