Import prices for re-rolling-grade hot-rolled coil sold into Vietnam remained stable over the past week, with buyers waiting on new offers from a major domestic producer.
Metal Bulletin's weekly price assessment for HRC imports in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was unchanged at $600-625 per tonne cfr in the week to Monday May 21."Buyers did not want to submit firm bids because they were mainly waiting for... Formosa Ha Tinh to list its new offers," a Vietnamese trader said on Friday.Bids remained at $600 per tonne cfr Vietnam, with buyers unwilling to increase bids above the steelmaker's previous offer.Chinese steel mills, meanwhile, stood firm on their offers while...