Indian HRC export prices to Vietnam have moved up by USD 10-15/MT W-o-W. SteelMint learned from market sources that towards the end of last week, an eastern India-based prominent steel manufacturer booked 15,000 MT HRC for export to Vietnam at USD 495-500/MT CFR Vietnam for Jan-end-Feb deliveries. A week back, Indian steel mills were offering HRC exports to Vietnam at USD 480-485/MT CFR Vietnam. Vietnam's integrated steel maker Formosa Ha Tinh is planning to undergo maintenance shutdown at its hot strip mills on 30th Dec'19 until 17th Jan'19, which may impact the company’s production volume by 35%. This
Source:https://www.mysteel.net/article