12
Jul
13:27
Formosa slashes Vietnamese HRC domestic prices by $100
Vietnamese producer Formosa Ha Tinh has slashed domestic prices for its September shipments amid a depressed market, Kallanish notes. However, trading participants do not expect that the $100/tonne price drop will propel buyers to return strongly to the market.
Formosa lowered its non-skin-passed SAE 1006 hot rolled coil prices to VND 15,210/kg or around $655/t cfr Ho Chi Minh City (HCMC). Like before, the mill’s SS400 grade HRC price is the same too. D…
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Anonymous
Very good overview of the weekly steel market.
Anonymous