Vietnam: imported HRC market active; offers stable
Nov 13, 2019 11:00
See Full-size Table Here
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.
Indian offers have remained stable against last week at around USD 440/MT, CFR
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