Vietnam's first-ever HRC exports could spark shake-up of Southeast Asian steel market

Vietnam has exported its first-ever shipment of hot rolled coil (HRC) in a move that is expected to have a potentially significant impact on the Southeast Asian steel market, sources told Metal Bulletin this week.

Market sources told Metal Bulletin there were fob Vietnam offers in the recent spot market from traders targeting neighbouring countries in Southeast Asia. The offers were for SS400 3-12mm HRC. “At least 20,000 tonnes of HRC [has been scheduled] to be exported out of Vietnam to Indonesia in recent weeks,” a trader said. Another source confirmed that there had been at least one export shipment lined up. The only HRC...

Published

Paul Lim

October 23, 2017

10:50 GMT

Singapore