Imported HRC offers to Vietnam fall on increased supply

HRC offers from Japan and South Korea fell by $15/t w-o-w as Vietnamese buyers have sufficient stocks and were unwilling to buy at high prices.
Chinese offers were largely stable from last week as domestic demand for HRC remains robust in China. A deal for Baosteel HRC was heard at $448-450/t levels this week. Vietnam has also slowed imports as the rainy season hampered downstream demand for steel mills. Indian steel mills are less active in the


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