ASIA HRC: Price decline persists on ample supply

An ample supply of Indian and Russian hot-rolled coil in Asia maintained pressure on prices in the region over the past week.

Fastmarkets' weekly assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $440-445 per tonne cfr for the week ending Monday October 7, down $5 per tonne from a week earlier.

Mainstream HRC weighing up to 23 tonnes to be shipped from Russia in late November was offered at...


Paul Lim

October 07, 2019

11:20 GMT