Vietnam's HRC import prices fall on lower Russian offers

Import prices for hot-rolled coil in Vietnam plunged over the past week due to the availability of cheaper Russian materials.

Fastmarkets MB’s weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $545-555 per tonne cfr for the week ending Monday October 29, down $10-15 per tonne from $560-565 per tonne cfr in the preceding week.
“There is excess HRC being exported by a major Russian producer because it is trying to find overseas outlets,” a Vietnamese trader told Fastmarkets MB.

Published

Paul Lim

October 29, 2018

09:48 GMT

Singapore