India raises HRC offers to Vietnam for Feb shipments

Indian steel mills have raised HRC export offers to Vietnam by USD 10-15/MT this week, SteelMint learned from market participants. After the hike, current HRC export offers from India is hovering around USD 510-515/MT CFR Vietnam for Feb'20 shipments.

SteelMint had reported last week that there are further chances of hike in offers owing to scheduled maintenance shutdown at Formosa Ha Tinh. Amid lower domestic availability with Formosa Ha Tinh's planned maintenance shutdown until 17th Jan'19, imported HRC offers to Vietnam have witnessed an increase. As per sources, Formosa has closed bookings at