Indonesian HRC traded at approximately $532 per tonne CFR Vietnam during the week.
The transactions established a reference in an otherwise thinly traded import market.
Buyers subsequently targeted bids below $530, while offers generally remained at $535–540 per tonne.
Market participants awaited fresh pricing from Vietnamese producers Hoa Phat and Formosa Ha Tinh.
Limited downstream demand and available Indonesian HRC stocks continued to constrain sellers’ pricing power.
