5.21 SMM Global Steel Daily Report

Published: May 21, 2026 16:33

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SMM News Flash: [India] Indian SAE1006 HRC export offers to Vietnam increased by 10 USD/tonne to around 590 USD/tonne CFR for June shipments. Market participants reported that two Indian-origin cargoes were concluded at an average of 580 USD/tonne CFR Vietnam over the past two weeks, indicating improving buyer acceptance. Regional market sentiment showed signs of stabilization, with buying interest from Vietnam gradually recovering.

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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