Vietnam HRC import market at intra-year low on supply glut

Import prices for hot-rolled coil in Vietnam are at an intra-year low amid ample supply and weak demand.

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 $540-545 per tonne cfr for the week ending Monday November 5, down $5-10 per tonne from $545-555 per tonne cfr in the preceding week. The price falls are in line with weak performances for the entire flat steel supply chain in Asia, where prices have come under significant pressure due to weak demand and excess supply. “Russian...

Published

Paul Lim

November 05, 2018

09:50 GMT

Singapore