ASIA HRC: Some buyers hesitate as prices rise further

Hot-rolled coil prices in Asia continued to gain last week, but some buyers in Vietnam have started to delay making further purchases amid expectations that the market could start to pull back.

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 $450-460 per tonne cfr Vietnam for the week ending Monday November 25, up $7-15 per tonne from $443-445 per tonne cfr a week earlier.

A deal at $450 per tonne cfr Vietnam...

Published

Miranda Song

November 25, 2019

10:00 GMT

Shanghai