ASIA HRC: Deal at $510 per tonne cfr Vietnam boosts sentiment

Hot-rolled coil prices in Asia continued on an upward trend amid steady demand from buyers, with a confirmed transaction at $510 per tonne cfr Vietnam boosting sentiment in the key import market.

Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $510 per tonne cfr for the week ended Monday January 6, up by $5-10 per tonne from a week earlier.
A major South Korean steel mill sold 15,000 tonnes of SAE1006 HRC, of which 80% of the cargo is of 2mm thickness, at $510 per tonne cfr Vietnam on January 2 to a re-roller.

There was market chatter that...

Published

Paul Lim

January 06, 2020

09:45 GMT

Singapore