Vietnam: Imported HRC Offers from Chinese Mills Inch Up

This week imported HRC offers from Chinese mills to Vietnam inched up by USD 5-10/MT.End users have concluded few deals with China amid limited offers from Russian and Indian mills for imported HRC to Vietnam.

Meanwhile market sources shared that Vietnam's domestic steel mill- Formosa Ha Tinh Corporation likely to revise their skin pass HRC offers this week

Current HRC trades & offers for Vietnam
1.HRC (SAE 1006) 2-3mm / Chinese offer - Benxi is at USD 580/MT,CFR Vietnam. Last week the offer was at USD 570/MT CFR.

2.HRC (SAE 1006) 2-3mm / Chinese offer - Rizhao Steel Offer at USD 570/MT CFR basis. Last week the offers was at USD 565/MT CFR basis.

3.HRC (SAE 1006) 2-3mm / Chinese offer - Magang Steel offer at USD 565/MT CFR basis.

4.Confirmed trade deal heard last week of HRC (SAE 1006) 2-3mm / Chinese offer - Magang steel of around 10,000 MT at USD 565-566/MT CFR Vietnam.

5.HRC (SAE 1006) 2-3mm / Chinese offer - Angang Steel at USD 570/MT CFR basis.

6.HRC (SAE 1006) 2-3mm / Chinese offer - Xinyu Steel at USD 565/MT CFR basis.

7.HRC (SAE 1006) 2-3mm / Russia offers - MMK steel at USD 565/MT CFR basis.

8.HRC (SAE 1006) 2-3mm / Indian offers- major Indian steel mill offering at USD 570/MT CFR basis.