Imported HRC Offers To Vietnam Remain Firm over Dull Trades

This week imported HRC offers to Vietnam from China have remained unchanged amid bearish market sentiments and bleak market outlook in Vietnam.

Meanwhile Chinese mills have also kept HRC export offers stable after New year holidays scheduled last week.However domestic HRC prices also remain largely unchanged in domestic market over dull demand in downstream products.

Current HRC trade offers to Vietnam – Week 2,2019

1.HRC (SAE 1006) 2-3mm / Chinese offer- Rizhao Steel is at USD 490/MT CFR Vietnam.

2.HRC (SAE 1006) 2-3mm / Chinese offer – Baosteel is at USD 492/MT CFR Vietnam.

3.HRC (SAE 1006) 2-3mm / Chinese offer – Wisco is at USD 490/MT CFR Vietnam.

4.HRC (SAE 1006) 2-3mm/ Russian offer – MMK steel is at USD 470/MT CFR Vietnam.

5.HRC (SAE 1006) 2-3mm /Indian offer – Indian mills are heard offering at USD 480/MT CFR Vietnam.

6.Currently no active offers for imported HRC from Japan and Korea.