ASIA HRC: Prices exceed $1,000/t for India-origin cargoes

Import prices for steel hot-rolled coil in Vietnam continued to rise this week due to strong demand from end users to procure substrate in fear of more price increases, market participants told Fastmarkets.

A major Indian steel mill aimed to conclude transactions at $1,040 per tonne cfr Vietnam this week, although there was no transaction confirmed at this price yet.
Major market participants said Indian HRC had been sold at $995 per tonne cfr Vietnam earlier this week and at $1,010 per tonne cfr Vietnam toward the end of the week. At least 30,000 tonnes of material had been sold.

A major Chinese mill is offering SAE1006 HRC cargoes at...


Paul Lim

May 07, 2021

10:35 GMT