5.29 SMM Global Steel Daily Report

Published: May 29, 2026 18:50

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SMM News Flash: [India] Indian-origin HRC SAE1006 export offers to Vietnam fell further to around 565-570 USD/tonne CFR for August shipments. However, market participants reported no buying interest, as Vietnamese buyers remained focused on upcoming monthly offers from domestic producers Formosa Ha Tinh and Hoa Phat. Market sentiment stayed cautious, with buyers reluctant to commit to imports before clearer domestic pricing signals emerged.

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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