Tag: Imported HRC
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Vietnam: Falling Chinese steel futures keep imported HRC market under pressure
This week, imported HRC offers to Vietnam witnessed a sharp fall of around $40/tonne (t) week-on-week (w-o-w) against the backdrop of a sharp fall in Chinese futures. This fueled bearish sentiments in the Vietnam market which, in turn, led to a sharp drop in offers from major exporting nations. Current week’s offers- Chinese HRC offers…