ASIA HRC: Suppliers raise offers but demand remains thin

Suppliers raised their offers for hot-rolled coil into Vietnam over the past week but ran into thin demand from buyers.

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 $465-470 per tonne cfr Vietnam for the week ending Monday December 9, up $3-8 per tonne from $457-467 per tonne cfr a week earlier.

Offers for Indian HRC increased to $480-485 per tonne cfr Vietnam, with sellers aiming for higher prices amid improved...


Paul Lim

December 09, 2019

09:55 GMT