Russia and India-origin re-rolling-grade hot-rolled coil are dominating the Vietnamese import market, with China-origin HRC being priced out over the past few weeks.
There were at least two deals done in recent days for India-origin back-to-back mill cargoes at $610-615 per tonne cfr Vietnam, including a 25,000-tonne cargo from a major Indian producer. Indian mills were offering cargoes at $612-615 per tonne cfr Vietnam.Position cargoes were offered down to $610 per tonne cfr Vietnam, down from $610-615 per tonne cfr Vietnam a week...