Imported HRC Offers to Vietnam Remain Firm
This week imported HRC offers to Vietnam remain firm from China.However by the end of last week imported HRC offers moved up post Tet holidays in Vietnam.
Meanwhile domestic producer Formosa Ha Tinh is planning to revise its steel prices this week following surge in imported HRC offers from Chinese and Indian mills.
Current HRC Trades to Vietnam - Week 7,2019
1.HRC (SAE 1006) 2-3mm/Chinese offer - Benxi Steel is at USD 540/MT CFR Vietnam.However by the end of last week the offers heard at USD 550/MT CFR basis.
2.HRC (SAE 1006) 2-3mm/Chinese offer - Baosteel Steel is at USD 542/MT CFR Vietnam.
3.HRC (SAE 1006) 2-3mm/Indian offer - Indian Steel mills offering at USD 535-539/MT CFR Vietnam.Last week a deal has been reported of around 10,000 MT of HRC at USD 540/MT CFR Vietnam for March shipments
4.HRC (SAE 1006) 2-3mm/Korean offer - Hyundai Steel offering at USD 560/MT CFR Vietnam.
5. Currently no active offers from Japanese mills.
source: SteelMint
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