Chinese mills have lowered HRC export offers significantly after they turned active for exports following a sharp cut in domestic offers. Imported HRC offers for Vietnam from China's leading mills like Benxi, Rizhao Steel etc are currently assessed at $515/t CFR Vietnam which was around $535/t CFR basis a week ago. Few position cargoes trades were reported at $515/t CFR levels, however, the quantity couldn’t be confirmed till the time of publishing the report.
Source : https://www.mysteel.net/article