Author: Pratibha Bajaj
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Vietnam: Cheaper Russian HRC import bookings weaken market sentiments
Sentiments in Vietnam’s imported HRC market continued to weaken on the news of bookings of lower priced Russian HRCs. Vietnamese importers were reported to have booked two vessels of HRCs of a total volume 60,000 t from Russia last week at discounted prices. The deal was concluded at $905-910/t CFR Vietnams for mid-Nov’21 shipments. However,…