5.12 SMM Global Steel Daily Report
SMM News Flash:
[Sheets & Plates] Today's HRC export prices fell $1/mt MoM due to a firm exchange rate. Other sheets & plates mostly remained stable. Market inquiries still existed, but actual transactions were limited. Traders reported recent medium-thickness plate deals flowing to Vietnam and Africa.
[India] Indian HRC SAE1006 export offers to Vietnam were largely stable at around $615/t CFR. Market transactions remained relatively quiet, with no major orders reported as Vietnamese buyers stayed cautious at current price levels. Market sentiment was stable but subdued, while mills continued to maintain firm offer levels.