Imported HRC offers to Vietnam fall on increased supply

Imported HRC offers from major exporting nations except China, witnessed a decline of $15/t this week since importers have sufficiently restocked the material previously and have lowered their bids. Also, the arrival of monsoon has hit the demand resulting in the downside in offers.Current offers are as – India ($435-440/t CFR), Japan ($450/t CFR) and South Korea ($450/t CFR).