It has started offering January-shipment cargoes at $490 per tonne cfr Vietnam and other Southeast Asian markets.
The mill continues to maintain a bullish outlook for the Asian HRC market in the early part of 2020
, especially on continued demand from end users.
“The price trough has already been reached and passed, and prices will only go higher from now on,” an official at the leading Japanese steelmaker told Fastmarkets. “Current market...