The novel coronavirus (2019-nCoV) is making its presence felt in Vietnam's hot-rolled coil markets, with sentiment in the major importing nation taking a hit in the past week.
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 $470-472 per tonne cfr for the week ending Monday March 3, narrowing downward by $8 per tonne from a week earlier.March-shipment position cargoes were offered at $470-472 per tonne cfr Vietnam, while offers for April-shipment cargoes from Chinese steel mills...