Vietnam: Imported HRC offers firm despite limited buying interest

Imported HRC offers to Vietnam remain firm this week despite limited buying interest. Domestic market demand continues to remain low even as exporters refrained from reducing offers on supply constraints.

Chinese mills held on to last week's export offers for HRC (SAE1006). The gains in the Chinese futures market along with indications of reduced production volumes led to an increase in domestic prices towards last weekend which, in turn, lent support to export offers. Market particpants opine that offers