China HRC exports to Vietnam down 50% in April, buyers in Europe stay on sidelines

China’s exports of hot-rolled coil to Vietnam almost halved month on month in April 2023, while falling prices and weaker demand in Europe kept buyers there on the sidelines.

That contributed to a month-on-month decline in China’s HRC export volumes last month, after two consecutive months of gains, according to Fastmarkets’ calculations based on data released by China’s General...