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20 Jan

Vietnamese HRC market winds down for long holiday

The Vietnamese hot rolled coil market virtually stopped last week on the back of the approaching Lunar New Year. There are hardly any offers for HRC because almost all Chinese exporters have taken leave, Kallanish notes. Vietnamese buyers were also in holiday mood. A Vietnamese trader reported receiving a couple of offers early last week for position cargoes of Chinese 3-12mm thickness SS400 HRC at around $625-630/tonne cfr Ho Chi Minh City (HCMC). This …
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