Vietnam importers book 40,000 MT HRC from Japan

Buyers in Vietnam are aggressively importing HRC this week. In yet another booking reported recently, mills have booked around 40,000 MT HRC from Japan's Nippon Steel at USD 435-440/MT CFR basis for Aug'20 shipments.

Meanwhile, in another deal reported this week, Vietnam based importers namely Hoa Sen and Kim Quoc booked around 40,000 MT HRC from Russian major Severstal steel at USD 425/MT CFR Vietnam basis for July shipment.

Other major deals reported last week from India
1.Eastern India based steel mill booked 80,000 MT HRC at USD 430/MT CFR Vietnam basis.

2.A western India based steel mill booked around 20,000 MT of HRC for Vietnam at USD 420/MT CFR basis and 40,000 MT of HRC at USD 410/MT for China on CFR basis.

3.Another deal concluded by a steel mill based in eastern India of around 25,000MT of HRC for Vietnam at USD 422-425/MT CFR basis.

Current imported HRC ( SAE1006, 2mm) offers to Vietnam

-- China- Benxi Steel is offering USD 455/MT CFR basis. Previous offer- USD 445/MT CFR basis.

-- South Korea- Hyundai Steel's offer stands at USD 445/MT CFR basis. Previous offer- USD 440/MT CFR basis.