ASIA HRC: Vietnam import price rebounds on stable demand, high offers

Import prices for SAE1006 rerolling grade hot-rolled coil (HRC) in the key market of Vietnam has rebounded in the past week on stable demand and high offers from sellers, sources said.

Fastmarkets' weekly price assessment for steel HRC import, cfr Vietnam, which mainly looks at 2-3mm re-rolling-grade SAE1006 HRC and equivalent products, was at $495 per tonne for the week ended Friday August 7, up $20-25 per tonne from $470-475 per tonne cfr Vietnam on Monday. 

"There is some shortage of SAE1006 HRC in Vietnam now and buyers have increased their bids," an end user in the country said on Thursday August...


Paul Lim

August 07, 2020

09:44 GMT