[SMM Steel] ASEAN hot-rolled coil prices have fallen but have yet to attract Vietnamese buyers
[Vietnam] Dragged down by sluggish trading, ASEAN hot-rolled coil (HRC) import prices fell to 550 USD/tonne CFR, with some Indian sellers proactively conceding margins and lowering their HRC offers to 545 USD/tonne CFR Vietnam. However, due to weak expectations and extremely low purchasing intent among Vietnamese buyers, this price reduction still failed to attract any substantial buying interest.