[SMM Steel] Harga HRC ASEAN Merosot; Penawaran Short Selling Masih Gagal Menarik Pembeli Vietnam

[Vietnam] Vietnam’s import scrap market remained under pressure. US West Coast bulk HMS 80:20 offers fell to around 390 USD/tonne CFR Vietnam, with workable levels at about 385-387 USD/tonne CFR, while Australian offers were heard at around 380-385 USD/tonne CFR. Japanese H2 scrap was traded at around 370 USD/tonne CFR, largely unchanged w-o-w. Weak residential construction demand and slower Asian buying may keep Vietnam’s import scrap market soft in the near term.

[India] India’s HRC market remained relatively stable, with Mumbai HRC prices holding at around 611 USD/tonne EXW. Buyers continued need-based procurement and avoided inventory build-up. Although monsoon conditions may weigh on trading activity, manufacturing demand stayed relatively steady. India’s AD probe into HRC imports from China, Japan and Russia is expected to support domestic HRC prices in the near term.