Import prices for re-rolling-grade hot-rolled coil into Vietnam are expected to continue on an upward trend from this week onwards amid surging iron ore prices, which market participants expect to continue boosting downstream carbon steel prices.
The MB 62% Fe Iron Ore Index was at $85.53 per tonne cfr Qingdao on Friday February 8, up from $74.69 per tonne cfr Qingdao on Friday January 25, while the MB 65% Fe Iron Ore Index was at $103.30 per tonne cfr Qingdao on Friday February 8,...