Prices for imported HRC in Vietnam will likely keep going down in the near future as a negative outlook has prevailed in China and demand in general has weakened visibly. The latest small tonnage bookings for SAE1006 HRC from traders have been reported at $650/mt CFR on average, which is $5/mt CFR below a deal confirmed earlier this week done by one of the main Chinese mills to Vietnam. "I think the weakness will continue for some time. Today, iron ore went down sharply - not a good sign," one trading source said. Most local sources said that the situation in the HDG market in Vietnam has worsened significantly after exports had almost halted. "We expect to see a further price decline from Formosa next week," a source said. Some traders have been offering SS400 HRC to Vietnam at $630-640/mt CFR. Most other suppliers have been still voicing higher prices. There is information about traders testing the market with an offer of about 30,000-35,000 mt of Russian SAE1006 HRC at $675/mt CFR.