Vietnam domestic HRC price continued to drop

Published: 26 Oct 2009 17:59:00 PST

October 26 MetalBiz--Due to the high inventory and demand slowdown, Vietnam domestic HRC price presented downward tendency in past two weeks. Now the price falls to U.S.$490-530 per ton.

Traders and CRC manufacturers have not imported HRC all the time, but Vietnam domestic HRC inventory is about 2-3 times of normal level presently, which can satisfy the demand till the early next year. It is learned that the rainy day tends to end, but the demand has not recovered actually.