Author: Pratibha Bajaj
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Vietnam: Imported HRC offers slump further as deals dry up
Vietnam’s imported HRC market turned mute after booking cheaper cargoes from Russia. Market sentiments remained pessimistic after the deal and buyers were reluctant to book the material from other exporting nations which resulted in a decline in offers. Imported HRC offers came under pressure due to the following reasons- 1. Chinese mills mute on quoting…