5.11 SMM Global Steel Daily Report

Published: May 11, 2026 18:40

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SMM News Flash: Indian HRC SAE1006 export offers to Vietnam were heard at 615 USD/tonne CFR for June-July shipments, remaining firm compared with previous weeks. Market participants noted that Indian mills continued to maintain higher offer levels amid tightening regional supply and firmer Asian pricing, while Vietnamese buyers remained cautious at elevated prices. Trading activity was relatively limited, though sentiment stayed stable to firm as mills showed limited willingness to lower offers.

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.

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