In Vietnam, one of the major importers of hot-rolled coil in Asia, prices dropped recently on falling demand
caused by the increased numbers of Covid-19 cases in the country.
Given these conditions, customers in Asia lowered the prices they were ready to pay for slab imports.
“Taiwan booked slab at $820 per tonne cfr from Indonesia, and this is the highest paying market in Asia,” one trader said. “They will pay...