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Vietnam’s imported hot coil prices continue to decline

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Today, Vietnam's SPH270C steel import boom continued its downward trend again, with Q195 (3mm) priced at $515/ton - $520/ton, a decrease of $10 compared to Monday and a decrease of about $5-8/ton compared to the current day. The Q235 quotation is between $530-535 per ton CFR, but the actual transaction may be reduced by $5 per ton. From the demand side, there are not many transactions in the market for various basic specifications Q195 and SAE1006, and downstream demand is poor, mainly due to the bearish SPH270C steel market mentality still existing and sufficient inventory. However, according to market traders, Q235 inventory is low, so transactions are still possible.

  • Source: Abstract
  • Editor: Shirley

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