UTC+8 ( BJT)

Vietnam: imported HRC market active; offers stable

Imported HRC market in Vietnam has observed some deals being concluded last week. A confirmed trade deal heard of around 30,000-40,000 MT of HRC booked by a major Indian steelmaker. However, the deal price could not be confirmed at the time of reporting this article.
Meanwhile, Indian offers have remained stable against last week at around USD 440/MT, CFR basis. End-users in Vietnam are highly attracted to HRC offers from India over low priced imports. However, on the other hand, Chinese HRC export offers to Vietnam is comparatively high as mills are shifting their supply majorly to the domestic market amid strict


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227