Cheap Vietnamese steel imports start their ascent in Indian domestic market

According to data by BigMint, a hot-rolled coil consignment of 35,000-40,000 tonnes was booked last week from Vietnam to India at $590-595 per tonne cost and freight basis. This cost, according to industry executives, is said to be lower by about ₹2,000-3,000 per tonne than the domestic rates.
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