[SMM Steel] Rising Indian HRC Prices Limit Interest in Low-Priced Southeast Asian Exports

Published: Sep 15, 2026 16:14

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[India Export] Indian HRC sellers showed limited incentive to pursue low-priced sales to Southeast Asia on September 15. Indian HRC offers to Vietnam were heard at 550USD/tonne CFR, while Vietnamese domestic HRC offers stood at around 540–545USD/tonne CIF, depending on tonnage, limiting buyer interest in Indian seaborne material. Meanwhile, India’s firm and rising domestic market left sellers with little incentive to reduce their export offers unless they needed to move tonnage. European buyers also showed limited interest in Indian offers while awaiting clarity on quota availability, with material from other origins remaining more competitive. European domestic HRC prices were heard above approximately 849USD/tonne (735EUR/tonne) EXW. No fresh Indian export transaction was confirmed. In India, HRC prices were heard at approximately 626–631USD/tonne (60,000–60,500INR/tonne) EXW, while EX-yard prices reached approximately 667USD/tonne (64,000INR/tonne). Market participants reported that domestic prices continued to rise.

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