SteelOrbis has learned that in the Vietnamese flat steel market hot rolled coil (HRC) offers given from China stand at the price level of $635/mt CFR, while offers given for 2.0 mm rerolling quality HRC from South Korea have declined as compared to previous weeks to $640/mt CFR.
HRC demand in Vietnam is weak, and so market players state that offers may continue to decrease in the coming period.