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Vietnam: imported HRC trade remain slow on high offers

Imported HRC trades turned weak on high offers from major exporting nations. Few market participants in India shared that, Indian steel mills have raised HRC export offers to Vietnam at USD 480/MT CFR Vietnam for Jan-Feb deliveries in order to test the market.
However, bookings have been closed now at USD 470/MT CFR basis. Meanwhile, last week a major Indian private steel manufacturer has booked 30,000-40,000 MT HRC (SAE-1006, 2mm) for exports at USD 470/MT CFR Ho Chi Minh, for Jan-Feb deliveries. Meanwhile, no major deals at increased offers have been concluded yet. Last week imported HRC offers to Vietnam from

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