Vietnamese HRC importers step back as offer prices rebound

Importers of re-rolling-grade hot rolled coil (HRC) in Vietnam have moved to the sidelines of the market this week as offer prices from China took an unexpected upward shift.

The bounce-back happened just after short-selling prices approached the mark of $400 per tonne fob China in the middle of last week.

Metal Bulletin’s assessment of HRC import prices into Southeast Asia – which takes into account Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam – was $415-430 per tonne cfr for the week ended Monday April 24, down by $25 per tonne from the...

Published

Juan Weik

April 26, 2017

13:12 GMT

Singapore