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HRC offers into Vietnam rise

July 21, 2010 - 08:44 GMT Location: Singapore

KEYWORDS: Vietnam , steel , China , Taiwan , Korea

Hot rolled coil offers into Vietnam have gone up this week, tracking the rise in international prices.

Chinese suppliers are offering commercial-grade hot rolled coil at $590-600 per tonne cfr this week, up from $580-590 cfr last week, and much higher than most buyers in Vietnam are willing to pay. "The Chinese market rebounded early this week, and they raised their offers to Vietnam," said a trader in Ho Chi Minh. "Suppliers from Korea and Taiwan have also withdrawn last week's offers and returned with new, higher offers this...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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