Import prices for re-rolling-grade hot-rolled coil sold into Vietnam increased over the past week, with support coming from higher offers for China-origin material.
Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $600-625 per tonne cfr for the week ended Friday May 4, up by $10-20 per tonne from a week earlier.Declining inventory levels in China had boosted trade activity and prices in the country's domestic market this past week with participants eager to get their hands on material. This in...