NOTE: No news updates over January 24-30 due to the Chinese New Year holiday. Happy CNY!

Major exporting nations raise HRC offers to Vietnam

In a recent conversation with market participants, SteelMint learned that imported HRC offers to Vietnam increased further by USD 10-20/MT from major exporting nations.
Buyers in Vietnam are highly attracted towards Indian origin cargoes over cost-effective imports. Also improved trades in the domestic market provided enough confidence to Indian steel mills to raise HRC offers in the overseas market. In addition to this, robust domestic demand in China amid winter season, and upcoming New year holidays propelled mills to raise


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