Author: Kalpesh Padhiar
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Vietnam: Imported HRC market bearish despite drop in offers
Imported HRC offers to Vietnam have dropped from major exporting nations, weighed down by the low buying interest and expectation of further decline in offers. Current offers: 1. China HRC (SAE1006) offered at $810/t CFR for Jan’22 shipments, lower by $10 w-o-w. 2. Chinese HRC offers for Apr’22 shipment are assessed around $760/t, CFR Vietnam.…