Tight regional supply of hot-rolled coil, as well as Vietnamese steelmaker Formosa Ha Tinh Steel Corp's increase in November-shipment offers, continued to boost import prices in Vietnam in the past week.
Market sources said there were limited materials in the spot market because at least two major Indian steel mills had withdrawn offers in anticipation of more improvements in India's domestic market, leaving only two Indian mills offering materials to Asia.Brazil was also not offering cargoes to Asia, limiting Southeast Asian buyers to cargoes...