Flats prices in the Vietnamese market

Current flats offers in the Vietnamese market are as follows:

Import offers are for May shipments. It is seen that CIS origin flats offers have softened with the commencement of April. South Korean producer POSCO was offering 1.2 mm HRC to Vietnam in the range of $500-510/mt CFR five weeks ago, while the producer's offers given to the Saudi Arabia for the same material were at $450/mt CFR a week ago. This indicates that Southeast Asian producers have started to give more aggressive offers both to neighboring and distant markets.