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Chinese export prices for hot rolled coil have rebounded in Vietnam amid improved market sentiment in China. However, the Vietnamese domestic market is still being held back by high interest rates and credit restrictions, Kallanish notes. Position cargoes for Chinese SAE 1006 2mm up thickness HRC are currently offered at $660-665/tonne cfr Vietnam. One such offer seen by Kallanish is for 2,000 tonnes of 2mm-2.7mm SAE 1006 HRC from Ma…
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Anna Low Singapore
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