Vietnamese buyers have become active post Tet holidays and started receiving fresh offers of imported HRC amid bullish sentiments experienced in global market. Following this, buyers have concluded few deals from Chinese mills.
Meanwhile Chinese mills have also recently returned in the market post Lunar New Year Holidays offering fresh HRC export offers to Vietnam .
Few trade sources highlighted that currently few deals have been concluded by Vietnam based importers from Chinese steel mills-
1.Ton Dong A – a specialized company in producing cold rolled steel , galvanized iron etc in Vietnam has booked the material of 5,000 MT HRC at around USD 635/MT, CFR basis.
2.Nam Kim Steel – largest producer of galvanized steel coil, galvalume steel coil and pre painted in Vietnam has booked 10,000 MT HRC from a Chinese mill at similar price of USD 635/MT,CFR basis.
3.Hoa Sen (re-roller and flat coated steel producer)-Another deal was concluded by Vietnam’s Hoa Sen with China’s Benxi Steel of 20,000 MT at USD 635/MT CFR basis.
Leave a Reply