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17 Mar

Vietnamese importers pause on financial jitters, weak demand

The Vietnamese hot rolled coil import market has stabilised amid the weakening in Chinese prices and concerns that a brewing banking crisis could evolve into a global financial crisis. The market, which was rising since the second week of February, saw few trades last week, due to the tight liquidity and credit environment in the country, Kallanish notes. Domestic producer Formosa Ha Tinh’s latest round of price hikes was not fully embraced by local buy…
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