Vietnam’s Hoaphat was reported to book 20,000 t billets for China at $408-410/t, CFR, SteelMint learned from a trader. Vietnamese imports do not attract a 2% import duty in China, and hence the Hoaphat managed to fetch these high prices levels.
Vietnam’s Hoaphat was reported to book 20,000 t billets for China at $408-410/t, CFR, SteelMint learned from a trader. Vietnamese imports do not attract a 2% import duty in China, and hence the Hoaphat managed to fetch these high prices levels.
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