Import prices for re-rolling-grade hot-rolled coil sold into Vietnam declined over the past week on softer end-user demand.
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 $600-610 per tonne for the week ended Monday April 9, narrowing downward by $10 per tonne from a week earlier.Market sources said that demand was weak because buyers were not actively sourcing for spot cargoes. Liquidity was also very thin with many market participants out of the market, including major Chinese traders and mills. This was due to an...