ASIA HRC: Limited spot liquidity ahead of major holidays

There was limited liquidity in the Asian hot-rolled coil market this week in the lead-up to the major Lunar New Year holidays in key markets China and Vietnam.

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 $515-520 per tonne cfr for the week ending Friday January 24, unchanged from January 20.
There were offers for Ukrainian HRC of smaller tonnages at $500 per tonne cfr Vietnam. This is equivalent to $515 per tonne cfr for mainstream coils weighing up to 25 tonnes.

There...

Published

Paul Lim

January 24, 2020

09:20 GMT

Singapore