[SMM Steel] ASEAN HRC Import Offers Edge Down Amid Intensified Bid-Offer Stalemate

Published: Jul 20, 2026 15:51

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[ASEAN] This week, the ASEAN HRC import assessment edged down to 523 USD/tonne CFR. On the import front, Indonesian HRC offers to Vietnam held firm at 520–525 USD/tonne CFR. However, with Vietnamese buyers' target prices remaining persistently low, the bid-offer gap has widened significantly. Consequently, sellers are resisting further price concessions, leaving spot trading in a stalemate. On the export front, a mainstream Vietnamese mill successfully concluded HRC sales to South Korea at 545–550 USD/tonne CFR.

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