[Flat products (HRC)]Sheet export prices fall further, HRC deals at 485-492 USD/tonne On July 13 China's HRC and other sheet export prices fell 1-3 USD/tonne day-on-day, with HRC export deal prices at 485-492 USD/tonne FOB. Futures dropped noticeably today; market feedback indicated inquiries were subdued overall with no notable transactions. [Billet]Billet export FOB down 3 USD, Jiangyin at 456-459 USD/tonne On July 13 China's billet export FOB price fell 3 USD/tonne, with Jiangyin port quoted at 456-459 USD/tonne. Market feedback noted export billet offers remain relatively high and uncompetitive versus other exporting countries; with prices in some destination markets continuing to slide, buyers pushed hard on price and deals proved difficult. [Rebar]Rebar export offers down 1-2 USD, overseas buyers cap price, deals thin On July 13 rebar export offers edged down 1-2 USD/tonne. Market participants reported that overseas buyers have turned bearish and are pressing hard on price; only a few sellers willing to concede at low levels concluded small volumes, with overall shipments unremarkable. [Vietnam]Vietnam HRC bids low, import price slips to 525 USD/tonne CFR On July 13 Vietnam's imported HRC price fell to 525 USD/tonne CFR, with about 5000 tonnes of Indonesian SAE1006 HRC booked at that level; Indian material was also offered around 525 USD/tonne CFR, but Vietnamese buyers targeted only 515-520 USD/tonne CFR. Weak demand and slow inventory destocking kept purchasing cautious. [India]India Alang shipbreaking scrap tight, holds at 355 USD/tonne EXW On July 13 India's HMS 80:20 shipbreaking scrap at Alang, Gujarat held at 355 USD/tonne EXW. Monsoon rains continued to slow ship dismantling and cutting, limiting finished-scrap supply and offsetting weak downstream mill demand. Mills purchased on a need basis; sluggish finished-steel sales capped upside, and prices are expected to stay stable near-term. [Brazil]Carbon-cost edge supports EU demand, Brazil slab export offers steady at 575-595 USD/tonne FOB On July 13 Brazil's slab export offers held at 575-595 USD/tonne FOB (September shipment). Demand from major overseas import markets remained strong, with Brazilian slab especially favored in the EU on its highly competitive carbon-cost advantage, but strong competition from Asian suppliers kept the export premium suppressed. Exporters admitted they cannot fully cover all overseas September-shipment orders, yet amid fierce competition the offer center for the new shipment window is set to remain steady with only minor adjustments.

[India] HMS 80:20 ship-breaking scrap in Alang, Gujarat, held at USD 355/tonne EXW. Persistent monsoon rainfall slowed ship-cutting activity and restricted processed scrap supply, offsetting weak demand from secondary mills. Procurement remained need-based, while sluggish finished steel sales capped upward momentum. Prices are expected to remain stable in the near term."

[India] Alang HMS 80:20 ship-breaking scrap rose to 357 USD/tonne EXW as monsoon rainfall disrupted cutting and processing, tightening finished scrap supply. However, weak downstream steel demand kept mills on need-based procurement. Bhavnagar billet fell to around 419 USD/tonne DAP, while Mandi Gobindgarh scrap eased to 357 USD/tonne DAP, limiting further upside.

[India] Alang HMS 80:20 ship-breaking scrap in Gujarat rose to USD 353/tonne EXW as persistent rainfall disrupted cutting activity and tightened processed scrap supply, while interstate buyers remained active due to relatively lower prices. However, weak finished steel demand kept mills buying only as needed. Bhavnagar billet and Ahmedabad rebar fell, while Mandi Gobindgarh scrap and billet edged higher, though trades remained thin and regional sentiment cautious.

[India] Ship-breaking melting scrap in Alang, Gujarat, rose to USD 350/tonne EXW, supported by heavy rainfall and buying interest from Rajasthan and Punjab for lower-priced material. However, weak downstream steel demand kept mills cautious, with procurement largely need-based. In northern India’s Mandi Gobindgarh, HMS 80:20 scrap fell to around USD 357/tonne DAP, indicating broader regional scrap sentiment remained under pressure.

[Vietnam] Vietnam HRC centre falls under low-priced imports and weak demand Offers for 2mm SS400 and SAE1006 coil into Vietnam held at 540-550 USD/tonne CFR. Hoa Phat cut prices sharply this month, largely due to fierce low-priced import competition, plunging 34 USD/tonne from the prior month to 550-551 USD/tonne (delivered domestic port), which the market is now digesting. Vietnamese HRC is expected to stay under pressure near term. [India] Alang breaking scrap steady, finished-steel demand weak Indian Alang HMS (80:20) breaking scrap held at about 400 USD/tonne EXW. In Gujarat's Bhavnagar, billet fell to about 480 USD/tonne DAP and rebar held at about 539 USD/tonne EXW; in north India's Mandi, billet slipped to about 502 USD/tonne DAP, rebar eased to about 558 USD/tonne EXW, and HMS scrap dipped to about 413 USD/tonne DAP. With weak downstream demand and need-based mill buying, scrap prices may stay soft near term.