Chinese import demand for hot-rolled coil (HRC) in Asia failed to support upward movement in spot prices on Monday October 14.
Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $425-430 per tonne cfr for the week ending Monday October 14, down by $15 per tonne from a week earlier. While China has been offered Indian and Russian HRC, traders are working to conclude transactions at $400-410 per tonne cfr China...