Cheaper hot-rolled coil cargoes from Russia and Turkey dampened import prices for the flat steel product in Vietnam over the past week, market sources told Fastmarkets MB.
The Fastmarkets MB weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam - was $530-540 per tonne cfr for the week ending Monday May 6, down $5 per tonne from a week earlier.A transaction involving a cargo of HRC from Russia's Magnitogorsk Iron & Steel Works (MMK) scheduled...