5.14 SMM Global Steel Daily Report

Published: May 14, 2026 17:13

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SMM News Flash: Indian HRC SAE1006 offers to Vietnam dropped to 590-595 USD/tonne CFR for July shipments, below offers from Formosa Ha Tinh Steel and other overseas suppliers. However, market transactions remained limited as most Vietnamese buyers had already booked sufficient domestic volumes, particularly from Hoa Phat, according to market participants.

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