For instance, a flurry of short-selling activity has applied downward pressure to hot-rolled coil prices in Vietnam
, with India-origin HRC actively trading due to sluggish demand in its domestic market during the country’s monsoon season.
Fastmarkets’ price assessment for steel hot-rolled coil import, cfr Vietnam
was $475-479 per tonne cfr on August 19, down $18-20 per tonne from a week earlier.
“In the past, Indian mills have...