Vietnam's HRC import prices continue ascent on bullish sentiment

Import prices for re-rolling-grade hot-rolled coil sold into Vietnam continued to rise in the past week sustained bullish sentiment.

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 $550-555 per tonne cfr for the week ending Monday March 11, up $5 per tonne from a week earlier. Market sources said a 10,000-tonne HRC cargo from a major Chinese producer was sold at $552 per tonne cfr Vietnam. But this could not be confirmed with...

Published

Paul Lim

March 11, 2019

09:45 GMT

Singapore