Imported HRC offers to Vietnam from Chinese mills have inched up this week marginally by USD 5-10/MT as the Chinese steel prices have increased post Labour day holidays.
Currently few Chinese mills are offering HRC in the range of USD 585-590/MT FoB China. However offers from major mills are on higher side which is around USD 615/MT, FoB China.
Vietnam HRC Trade updates-
1. HRC (SAE 1006) 2-3mm / Chinese offer – Magang Steel at USD 606 /MT CFR Vietnam.
2.HRC (SAE 1006) 2-3mm / Chinese offer – Benxi Iron & Steel mill at USD 625-627/MT, CFR Vietnam.
3.HRC (SAE 1006) 2-3mm / Chinese offer – Rizhao Iron & Steel mill at USD 620/MT, CFR Vietnam.
4.HRC / Japanese offer for SAE1006 /Vietnam market : at USD 650/ MT CFR Vietnam,June shipment offered by Japanese mill. However as per prevailing golden week holidays not much active offers were heard.
5. HRC / South Korean Offer for SAE1006 /Vietnam market : at USD 660-665/ MT CFR Vietnam,June shipment offered by South Korean mill.
6.HRC/ SAE1006 /Arcelor Mittal, Brazil Market : at USD 620/ MT CFR Vietnam.
7.HRC / Russian offer for SAE1006 /Vietnam market : at USD 600-610/ MT CFR Vietnam,June shipment offered by MMK steel mill.
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