Trade sources believe that deals might get concluded as Chinese mills have slashed offers in line with expectations from Vietnam mills.
Current HRC trade offers to Vietnam - Week 50, 2018
1. HRC (SAE 1006) 2-3mm / Chinese offer - Xinyu Steel is at USD 490/MT CFR Vietnam.Last offers was stood at USD 495/MT CFR basis earlier this week.
2. HRC (SAE 1006) 2-3mm / Chinese offer - Laiwu Steel is at USD 490/MT CFR Vietnam.Last offers were at USD 493/MT CFR basis towards end of last week.
3. HRC (SAE 1006) 2-3mm / Chinese offer - Baosteel is at USD 495/MT CFR Vietnam. Last week offers from the steel maker was heard around USD 515/MT, CFR.
4. No firm offers were heard from Indian mills however there were some indications around USD 490-500/MT, CFR.