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.

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