[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.

[India] Alang HMS (80:20) shipbreaking scrap held at around 400 USD/tonne EXW. In Gujarat’s Bhavnagar, billet fell to around 480 USD/tonne DAP, while rebar stayed near 539 USD/tonne EXW. In North India’s Mandi, billet slipped to around 502 USD/tonne DAP, rebar eased to around 558 USD/tonne EXW, and HMS scrap fell to around 413 USD/tonne DAP. Weak downstream demand kept mills buying only as needed, with prices likely to stay muted.

[Vietnam] Vietnam’s import scrap market softened this week, with Japanese H2 scrap falling to around 375 USD/tonne CFR Vietnam, down about 7 USD/tonne week on week. US-origin HMS 80:20 bulk scrap stood near 383 USD/tonne CFR Vietnam, also down around 7 USD/tonne. Weak Vietnamese finished steel demand kept mills cautious, with buyers delaying bookings and waiting for further price corrections. Although Japanese suppliers remained firm due to limited scrap generation, Vietnamese buying ideas stayed lower, leaving a clear bid-offer gap.

[India] India’s Alang HMS 80:20 ship-breaking scrap held at around 394 USD/tonne EXW amid cautious buying and sufficient supply. Bhavnagar billet fell to about 478 USD/tonne DAP, while rebar stayed near 531 USD/tonne EXW. In Mandi Gobindgarh, billet declined to around 496 USD/tonne DAP, rebar eased to about 551 USD/tonne EXW, and HMS scrap held near 408 USD/tonne DAP. Possible Punjab power cuts may limit steel output and support sentiment, but demand remains need-based.

[Flat Products]Yuan Volatility Pressures Plate Export Quotes Lower Day-on-Day Pressured by yuan volatility, HRC and other plate export prices edged lower day-on-day today, with HRC export deals at 490-500 USD/tonne FOB. Inquiries showed no notable change; Turkey-bound interest persisted but local target CFR levels were low, well below current domestic FOB offers. [Billet]Billet Export Edges Up as Middle East Inquiries Rise but Buyers Press Prices Billet export prices edged up today, with workable FOB levels at 463-465 USD/tonne. Middle East inquiries increased but overseas buyers pressed hard on price, leaving few workable orders; additionally, some mills have upcoming maintenance plans and are slightly restraining order-taking. [Rebar]Rebar Export Prices Hold Steady, Off-Season Trading Stays Weak Rebar export prices held steady today, with workable FOB levels in the 481-483 USD/tonne range. Market participants noted that recent rebar export prices have trended down and deals improved slightly versus earlier, but constrained by off-season demand and overseas price pressure, overall trading remains weak. [India]Indian HRC Prices Hold Steady, Anti-Dumping Probe Lends Policy Support India's HRC market was relatively stable, with Mumbai HRC holding around 611 USD/tonne EXW as buyers purchased on demand to avoid building stocks. Although the monsoon season dampened trade, manufacturing demand stayed relatively steady. India has launched anti-dumping probes on hot-rolled flat products from China, Japan and Russia, and combined with the import price gap, HRC may prove more resilient than long products in the near term. [Vietnam]ASEAN HRC Prices Slide, Traders' Low Offers Fail to Move Vietnamese Buyers To stimulate buying, ASEAN HRC import prices fell to 550 USD/tonne CFR, with offers for Indian-origin SAE1006 HRC for Aug-Sep shipment down to about 540 USD/tonne CFR Vietnam (further below the weekly assessment). Amid slow trade and cautious buyers, these low offers may reflect short-selling by some traders betting on further declines, but Vietnamese buyers, expecting weakness, remain unwilling to accept them. On scrap, US West Coast HMS 80:20 offers fell to about 390 USD/tonne CFR with workable levels around 385-387, while Japanese H2 traded at about 370 USD/tonne CFR, flat week-on-week; weak residential construction demand keeps import scrap soft. [Turkey]Turkey Long Product Prices Fall Broadly as Mills Cut to Win Orders Dragged by weak fundamentals, Turkish rebar export prices assessed by MESTEEL fell to 580-590 USD/tonne FOB, while wire rod export prices likewise slid to 595-605 USD/tonne FOB. With demand showing no improvement, mills remain willing to concede on price in negotiations to secure enough forward export orders to sustain operations. [Iran]Iran Plate Exports Stay Sluggish as Rising Imports Pressure Domestic Prices Although temporary export curbs were lifted in late May, major mills' output remains constrained by the late-March attacks, with producers prioritizing domestic supply and shipping mainly from existing stocks. Slab demand was weak last week, with only about 18000 tonnes traded at 462 USD/tonne EXW. As the Strait of Hormuz reopened, freight fell and Chinese prices dropped, Iranian plate imports rose, with Persian Gulf import HRC down to 560-570 USD/tonne CFR; a roughly 30000-tonne mixed billet-and-HRC cargo arrived at BIK port via Iskenderun last week.