5.14 SMM Global Steel Daily Report

Published: May 14, 2026 17:13

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SMM News Flash: Indian HRC SAE1006 offers to Vietnam dropped to 590-595 USD/tonne CFR for July shipments, below offers from Formosa Ha Tinh Steel and other overseas suppliers. However, market transactions remained limited as most Vietnamese buyers had already booked sufficient domestic volumes, particularly from Hoa Phat, according to market participants.

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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