Import prices for re-rolling grade hot-rolled coil into Vietnam were higher in the week ended Monday January 8 as spot discussions resumed at higher levels.
Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $570-580 per tonne cfr, up $5 per tonne from a week earlier.End-users were looking for cargoes at $565 per tonne cfr Vietnam. However, traders said these bids were not workable and anyone who wanted to secure volumes would need to bid higher.China and India-origin position cargoes were offered at $570-580 per tonne cfr Vietnam. End-users were engaged in discussions to secure these...