Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $457-465 per tonne cfr for the week ending Monday September 9, widening downwards by $3 per tonne from a week earlier.
End-users were bidding at $455-460 per tonne cfr Vietnam. There was talk that a major re-roller had bought a 10,000-tonne India-origin cargo at $457-458 per tonne cfr Vietnam. The counterparties did not confirm the transaction, however.
The lowest offers were again for Indian HRC at $465 per tonne cfr Vietnam. Chinese HRC was offered at $465-470 per tonne cfr Vietnam.
“The market remains...