ASIA HRC: Buyers forced to restock on price rebounds

Hot-rolled coil prices in Asia continued to gain last week, forcing buyers to restock after several months of hesitation.

Fastmarkets’ 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 $443-445 per tonne cfr for the week ending Monday November 18, up $5-13 per tonne from a week earlier.
India remained the largest HRC seller to Vietnam, with several cargoes delivered at $443-445 per tonne cfr Vietnam last week.

Sources did not disclose tonnages,...

Published

Miranda Song

November 18, 2019

10:03 GMT

Shanghai