ASIA HRC: Tight domestic supply sustains Vietnamese demand for imports

Vietnamese buyers continued to source for hot-rolled coil imports in the past week amid tight domestic supply.

Fastmarkets’ weekly price assessment for steel HRC import, cfr Vietnam, which mainly looks at 2-3mm rerolling-grade SAE1006 HRC and equivalent products, was at $508 per tonne on Monday August 24, up by $3-8 per tonne from $500-505 per tonne cfr Vietnam a week earlier.
A transaction involving 20,000 tonnes of October-shipment HRC from a major Indian steelmaker was confirmed at $508 per tonne cfr Vietnam. The cargo was bought by a major rerolling mill.

Another transaction involving a September-shipment...

Published

Paul Lim

August 24, 2020

10:56 GMT

Singapore