5.22 SMM Global Steel Daily Report

Published: May 22, 2026 19:57

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SMM News Flash: [India] Indian-origin HRC offers declined by another 5-10 USD/tonne to 575-580 USD/tonne CFR Vietnam as suppliers sought to attract new orders. However, most buyers maintained a cautious wait-and-see approach amid continuously falling prices. Some Vietnamese buyers submitted bids at around 570 USD/tonne CFR to test the market, although sellers viewed these levels as too low. No transactions were reported during the day.

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