Stronger demand for hot-rolled coil from Japan, South Korea and Taiwan among buyers in Vietnam have driven up the premium that such cargoes have over Chinese products.
This demand has been attributed to Vietnamese galvanizers seeking out cargoes from the three East Asian territories amid trade restrictions imposed on galvanized coil produced using Chinese substrate, sources told Fastmarkets last week."Demand for Vietnamese galvanized coil in the United States and Europe has been strong, with many traders seeing good business working the open arbitrage window. But these buyers can only buy galvanized coil...