Vietnam’s import buying interest for hot rolled coil continues to be sluggish. Most market participants are awaiting the release of new domestic strip allocations from local mill Formosa Ha Tinh, Kallanish notes. At the same time, high inventories have forced re-rollers to slow offtake of outstanding orders from the mill.
A southern Vietnam re-roller ordered a 5,000-tonne cargo of 2mm thickness SAE 1006 HRC from a tier-1 Japanese mill at …
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