Asian HRC prices stable, buyers in wait-and-see mode

Spot prices for imported hot-rolled coil into Vietnam held steady over the week to Friday May 13, with most buyers waiting for Formosa Ha Tinh Steel, the major domestic producer, to release its hot-rolled coil offers for May, sources told Fastmarkets.

Fastmarkets’ price assessment for steel HRC import, cfr Vietnam, which mainly looks at 2-3mm rerolling-grade SAE1006 HRC and equivalent products, was $800 per tonne cfr Vietnam on Friday, unchanged week...

Published

Tianran Zhao

May 13, 2022

14:51 GMT

Shanghai