Ample Indian HRC dampens Vietnam HRC import prices

摘要

Ample supply of India-origin hot-rolled coil on the spot market has weakened market sentiment in Asia, market participants said. Fastmarkets’ assessment of steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $460-465 per tonne cfr for the week ending Monday March 9, falling by $5 per tonne from $465-470 per tonne a week earlier.