SteelMint learned from market sources that a west India based steel mill has booked around 15,000 MT HRC for export to Vietnam towards the beginning of this week. The deal was heard to be concluded at around USD 580-585/MT,CFR Vietnam.
Another deal reported this week was 5000 MT of HRC was booked by major Indian mill at USD 585/MT CFR for October shipments.
Imported HRC offers to Vietnam from Chinese mills
1.HRC (SAE 1006) 2-3mm / Chinese offer – Benxi Steel is at USD 595/MT CFR Vietnam.
2.HRC (SAE 1006) 2-3mm / Chinese offer – Rizhao Steel Offer at USD 590/MT CFR basis.
3.HRC (SAE 1006) 2-3mm / Chinese offer – Magang Steel Offer at USD 580/MT CFR basis.
Formosa likely to open fresh offers next week – Vietnam’s domestic mill – Formosa is likely to open fresh offers next week on 20th Sept’18. Last offers from Formosa for HRC (skin pass SAE 1006) at USD 602/MT CIF Ho Chi Minh City.
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