The import price for re-rolling-grade hot-rolled coil into Vietnam has risen in the past week on pre-holiday restocking and lower domestic supply.
Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $495-500 per tonne cfr for the week ending Monday January 28, up $5-15 per tonne from $480-495 per tonne cfr the preceding week. Demand was stronger this week because of reduced supply from domestic integrated producer Formosa Ha Tinh Steel Corp, which had cut its supply to local...