ASIA HRC: Vietnamese appetite for imports remains

Vietnamese buyers continued to be in the market for hot-rolled coil in the past week, purchasing materials from China and India at $485-490 per tonne cfr.

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 $485-490 per tonne cfr Vietnam for the week ending Monday December 23, up $5 per tonne from $480-485 per tonne cfr a week earlier.

There was market chatter of transactions in the range of $485-490 per tonne cfr Vietnam for February-shipment Chinese materials, with buyers targeting purchases at $485...


Paul Lim

December 23, 2019

09:30 GMT