Vietnam HRC import prices keep rising as offers approach $500 per tonne cfr

Import prices for re-rolling-grade hot rolled coil (HRC) in Vietnam continued to move up over the past week, amid supply tightness from China and increasing offer prices from other origins.

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 unchanged at $455-463 per tonne cfr on Monday June 26, due to a public holiday taking place in Singapore on that day.

Cargoes of 2-3mm SAE1006 HRC from China, however, have already changed hands at prices as high as $470-475 per tonne cfr over the past few days as volumes being offered are...

Published

Juan Weik

June 28, 2017

13:01 GMT

Singapore