Tag: Vietnam: Domestic sourcing weighs on imported HRC demand; offers move down

Vietnam: Domestic sourcing weighs on imported HRC demand, offers move down

Apr 25, 2022

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by

Kalpesh Padhiar

in HRC

Vietnam end-users’ sustained leaning towards domestically produced hot-rolled coils (HRC) continue to weigh on both demand and offers for imported ones. This has exerted pressure primarily on the Chinese mills, whose offers continued to fall this week after the previous week’s drop of $10-15/t. The current week’s offers for Chinese HRC (SAE1006) stand around $890/t…