Chinese Mills Raise HRC Export Offers to Vietnam
Imported HRC offers to Vietnam reported slight increase this week amid surge in steel prices from China. Higher export offers from Chinese origin HRC in the starting of the week amid surge in domestic prices in turn leads to marginal increase in imported HRC offers to Vietnam.
On weekly basis imported HRC offer to Vietnam inch up by USD 5/MT.However demand from end users remain limited over tedious buying.
Current HRC Trade offers to Vietnam - Week 15, 2019
1.HRC (SAE 1006) 2-3mm/Chinese offer - Benxi Iron & Steel is at USD 550/MT CFR Vietnam. Last week the offers at USD 545/MT CFR basis.
2.HRC (SAE 1006) 2-3mm/Chinese offer - Laiwu Steel is at USD 543/MT CFR Vietnam. Last week the offers at USD 538/MT CFR basis
3.HRC (SAE 1006) 2-3mm/Japanese offer - Nippon Steel is at USD 575/MT CFR Vietnam.
4.HRC (SAE 1006) 2-3mm/Korean offer - Hyundai Steel is at USD 570/MT CFR Vietnam.
5.HRC (SAE 1006) 2-3mm/Indian offer - JSW Steel is at USD 540-545/MT CFR Vietnam.
6.HRC (SAE 1006) 2-3mm/Indian offer - Essar Steel is at USD 542/MT CFR Vietnam.
source: SteelMint
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