Two transactions for bulk HMS 1&2 (80:20) cargoes were concluded on Thursday at $474 per tonne and $477 per tonne cfr Vietnam. One cargo was from Australia, while the other was from the United States' West Coast.
One buyer was heard to be a steel corporation headquartered in north Vietnam, while the other buyer was heard to be based in south Vietnam's Ho Chi Minh city.
Offers for such materials were at $470 per tonne cfr Vietnam at the start of the week, in line with offers to South Korea.
Bids were at $465 per tonne cfr Vietnam at the start of the week. There was market chatter that there was a transaction concluded at $465-470 per tonne cfr Vietnam, although this could not be...