02
Oct
13:19
Hoa Phat cuts domestic HRC in weak market
Vietnam’s Hoa Phat Dung Quat has cut its list prices for domestic hot rolled coil sales due for delivery in November, Kallanish notes.
The quotes for non-skin passed SAE1006 or SS400 grade HRC have been set at the equivalent of around $570/tonne cfr Vietnam, a drop of around $18/t from last month. The fall is substantial in dollar terms due to the depreciation of the VND against the greenback.
In VND terms, the mill actually lowered prices by VND 240/kg ($…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous