Tag: Vietnam: Imported Chinese HRC offers rise w-o-w following hike in steel futures

Imported HRC offers to Vietnam from China has inched up by $5-10/t CFR w-o-w. Offers for Chinese HRC (SAE1006) were heard at around $560-565/t CFR against $550-555/t CFR Vietnam. Moreover, SHFE HRC futures increased by RMB 57/t ($8/t) w-o-w to RMB 3,695/t ($511/t) against RMB 3,638/t ($503/t) after markets opened post-Qingming holidays.