[SMM Steel] ASEAN HRC Import Offers Edge Down Amid Intensified Bid-Offer Stalemate

Published: Jul 20, 2026 15:51

Save

[ASEAN] This week, the ASEAN HRC import assessment edged down to 523 USD/tonne CFR. On the import front, Indonesian HRC offers to Vietnam held firm at 520–525 USD/tonne CFR. However, with Vietnamese buyers' target prices remaining persistently low, the bid-offer gap has widened significantly. Consequently, sellers are resisting further price concessions, leaving spot trading in a stalemate. On the export front, a mainstream Vietnamese mill successfully concluded HRC sales to South Korea at 545–550 USD/tonne CFR.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Analysis] Indonesian HRC Low-Price Pressure Persists; Weak Steel Demand Continues Across Southeast Asia

2 hours ago

3 hours ago

MMi Daily Iron Ore Report (August 17)

Iron ore futures traded softer today. The DCE most-active contract I2701 settled at RMB 706.5/mt, down 0.70% from the previous session. Spot prices at Qingdao Port fell RMB 2-4/mt from the previous trading day. Trader activity was moderate, while mills purchased on an as-needed basis, leaving overall spot transaction volumes on the light side.

3 hours ago

[SMM Steel] India Domestic Steel Market Stable Amid Cautious Sentiment

[India] India’s domestic steel market remained stable but cautious on Monday compared with Friday with scrap and finished steel prices largely unchanged across key regions. The market sentiment is bearish and subdued with buyers adopting a wait-and-watch approach amid limited price movement and balanced demand-supply conditions. In northern Mandi Gobindgarh, HMS 1&2 (80:20) flat delivered Mandi 355USD/tonne (33,900 INR/tonne). Billet prices stable delivered Mandi at 443USD/tonne (42,400INR/tonne). Meanwhile, Mumbai HMS 1&2 (80:20) unchanged delivered Mumbai 324USD/tonne (31,000INR/tonne). Rebar prices unchanged delivered Mumbai 495USD/tonne (47,300INR/tonne). In South India, billet unchanged delivered Chennai at 455USD/tonne (43,500INR/tonne).

3 hours ago