Vietnam's HRC Market Faces Uncertainty Amidst Anti-Dumping Probe
[tintuc]
Vietnam's hot rolled coil (HRC) market has been experiencing a sluggish period, with concerns over potential anti-dumping duties on imports from China and India. The ongoing trade investigation has cast a shadow over the market, leading to uncertainty and cautious buying behavior.
Several deals for Chinese Q235B grade HRC were concluded at $490 per tonne CFR Vietnam, with shipments scheduled for January/February 2025. However, these deals carry the risk of being subject to retroactive or preliminary duties if the anti-dumping investigation concludes before the arrival of the shipments.
Market participants in Vietnam are closely monitoring the developments of the anti-dumping case and are adopting a cautious approach to their procurement strategies. The uncertainty surrounding potential duties has led to increased scrutiny of import origins and product specifications.
In addition to the anti-dumping concerns, the market is also grappling with fluctuating prices and supply chain disruptions. While some steel grades, such as SAE 1006 HRC, are available in the market, their pricing and availability may be subject to change.
As the Vietnamese steel market navigates these challenges, it is crucial for importers and steel users to stay informed about the latest developments in trade policies and market dynamics. Adapting to changing market conditions and diversifying supply sources will be key to ensuring a stable supply of HRC and mitigating potential risks.
[/tintuc]
Vietnam's hot rolled coil (HRC) market has been experiencing a sluggish period, with concerns over potential anti-dumping duties on imports from China and India. The ongoing trade investigation has cast a shadow over the market, leading to uncertainty and cautious buying behavior.
Several deals for Chinese Q235B grade HRC were concluded at $490 per tonne CFR Vietnam, with shipments scheduled for January/February 2025. However, these deals carry the risk of being subject to retroactive or preliminary duties if the anti-dumping investigation concludes before the arrival of the shipments.
Market participants in Vietnam are closely monitoring the developments of the anti-dumping case and are adopting a cautious approach to their procurement strategies. The uncertainty surrounding potential duties has led to increased scrutiny of import origins and product specifications.
In addition to the anti-dumping concerns, the market is also grappling with fluctuating prices and supply chain disruptions. While some steel grades, such as SAE 1006 HRC, are available in the market, their pricing and availability may be subject to change.
As the Vietnamese steel market navigates these challenges, it is crucial for importers and steel users to stay informed about the latest developments in trade policies and market dynamics. Adapting to changing market conditions and diversifying supply sources will be key to ensuring a stable supply of HRC and mitigating potential risks.
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