State-owned SAIL is heard to have resumed HRC export offers to Vietnam for Aug-Sept’21 delivery. The company is offering HRC (SS 400) at around $900/t CFR Vietnam, according to market sources. Last week, Indian private steel mills booked over 90,000 t of HRC to Vietnam at $920-925/t CFR to offset sluggish demand in the domestic market.
Subsequently, steel mills lifted offers to $930-935/t CFR levels.
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