According to Mining News Pro - Thus currently imported HRC offers from China have moved up by USD 10/MT to USD 525- 530/MT CFR basis which was USD 515-520/MT CFR basis in the beginning of the week.

Prior this, SteelMint reported that Vietnam based HRC importers concluded a deal of 40,000 MT of HRC with major Indian steel mills at USD 515-520/MT CFR Vietnam for July Aug shipments. Thus Vietnam buyers are switching to Indian HRC amid higher offers from China.

Current HRC Trades to Vietnam- Week 27,2019

1. HRC (SAE 1006) 2-3mm/Chinese offer- Benxi Steel is at USD 530/MT CFR Vietnam for Jul-Aug shipment. In the beginning of the week offers stood at USD 520/MT CFR basis.

2.HRC (SAE 1006) 2-3mm/Chinese offer- Baosteel is at USD 530/MT CFR Vietnam for Jul-Aug shipment. In the beginning of this week offers stood at 520/MT CFR basis.

3.HRC (SAE 1006) 2-3mm/Chinese offer- Laiwu is at USD 525/MT CFR Vietnam for Jul-Aug shipment. In the beginning of this week offers stood at 515/MT CFR basis.

4.HRC (SAE 1006) 2-3mm/Taiwan offer- Chunghung Steel is at USD 545/MT CFR Vietnam for Aug shipment.

5.HRC (SAE 1006) 2-3mm/South Korea offer- Hyundai Steel is at USD 530/MT CFR Vietnam for Aug shipment.

6. HRC (SAE 1006) 2-3mm/Indian offer- At USD 520/MT CFR basis. In the beginning of the week offers stood at USD 515/MT CFR basis.