ASIA HRC: Chinese products becoming more competitive

Chinese products have become more competitive in the Asian hot-rolled coil market in recent weeks due to cargoes from other parts of the world being offered into the region at higher prices.

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 $480-485 per tonne cfr Vietnam for the week ending Monday December 16, up $15 per tonne from $465-470 per tonne cfr a week earlier.

Vietnamese buyers booked about 30,000 tonnes of Indian and Chinese...

Published

Paul Lim

December 16, 2019

10:59 GMT

Singapore