On October 29, SteelOrbis reported the downtrend since August of ex-China HRC, as benchmarked by HRC SAE 1006. The most recent offers were reported at $555-565/mt CFR Vietnam.
Sources inform SteelOrbis that HRC SAE 1006 2-3 mm offers are presently at $545-555/mt CFR Vietnam, down $10/mt. FOB prices on the grade are reportedly at $535-545/mt China. Offers into Vietnam have also received downward support with ex-India HRC offers on the grade ticking down to seek placement. India offers on the grade are reportedly at $550-560/mt CFR Vietnam.