Vietnam's hot rolled coil (HRC) market experienced a significant decline last week, driven by falling Chinese offers and concerns over an anti-dumping investigation. Chinese SAE 1006 HRC prices dropped to approximately $515/tonne cfr Vietnam, down from $540 on October 11, while SAE grade 2-2.7mm thickness HRC fell to $510/tonne. Additionally, a Japanese 20,000-tonne shipment was booked at $530/tonne for December delivery. The ongoing investigation into Chinese HRC is causing hesitation among buyers, with many opting to delay purchases due to perceived risks associated with November shipments4.