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Chinese mill concludes 20,000t HRC export deal to Vietnam

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BigMint Bureau

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19 Jun 2020, 17:11 IST

Chinese mill concludes 20,000t HRC export deal to Vietnam

China's major steelmaker - Baosteel concluded around 20,000t of HRC (2mm SAE1006) to Vietnam at $ 450/t CFR basis for Jul/Aug'20 shipments, SteelMint learned from its credible sources based in Vietnam.

Last week, SteelMint reported that Indian mills concluded HRC export deal for 40,000t HRC for Vietnam at $439-440/t CFR Vietnam.

Current imported HRC ( SAE 1006, 2mm) offers for Vietnam-
-- China- Benxi Steel offer stands at $465-470/t CFR basis. Last week, the offer was around $455/t CFR basis.

-- China- Chunghung Steel offer stands at $450/t CFR basis. Last week the offers were in the range of $445/MT CFR basis.

-- Japan- Nippon steel and JFE are offering at $460/t CFR basis. Last week the offers were in the range of $450/t CFR basis.

-- South Korea- Hyundai Steel's offer stands at $465/t CFR basis. Last week the offer was around $450/t CFR basis.

--India - Major Indian steel mills are offering HRC to Vietnam at around USD 445- 450/t CFR basis

--Vietnam- domestic steel mill Formosa Ha Tinh raised its prices this week by around $ 25/t and offering HRC (SAE 1006, skin pass) at $455/t CIF basis and non-skin pass at $450/t CIF basis for Aug delivery.