ASIA HRC: Spot market liquidity limited amid year-end lull

January 05, 2021 / www.metalbulletin.com / Article Link

There was limited spot liquidity in the import market for steel hot-rolled coil in Vietnam over the holiday period at the end of December 2020.

There were almost no inquiries from Vietnamese buyers, who were mostly waiting for the new year to begin and show a clearer indication about price trends before they entered the spot market again, Fastmarkets heard on Monday January 4.
The recent falls in iron ore and steel prices in China also damped sentiment.

Major steel mills in China's Liaoning and Shandong...

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