Vietnam: HRC import may soften on rising virus concern
Aug 04, 2020 11:00
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HRC importers based in Vietnam softened their bids because few cities namely Ho Chi Minh, Ha Noi, and Da Nang are practising social distancing from today onwards due to the spread of COVID-19, SteelMint learned from its sources based in Vietnam.
This may soften the demand for imported HRC to Vietnam from major exporting nations. However, offers for the imported HRC continue to remain same at the moment since importers had already actively booked cargoes for Aug-Sep shipments last week.
SteelMint reported that Indian steel mills collectively booked around 40,000 t HRC