Vietnam importers have adopted a ‘wait and watch’ approach before booking fresh orders of imported HRC. Amid uncertainties on export rebate cut and public holiday in China, mills have refrained from offering HRC to the Vietnam market today. The last deal of Chinese origin HRC was heard to be concluded around $860/t CFR basis.China’s Ministry is expected to announce adjustment in tax rebate rates on 10th Apr, sources have highlighted SteelMint
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