18
Oct
10:42
Traders deem Formosa's December HRC prices uncompetitive
Vietnamese mill Formosa Ha Tinh’s newly announced price cuts for hot rolled coil remain unreflective of the current market, Kallanish learns from trading sources. On Friday, the sole Vietnamese hot strip producer announced a $20/tonne monthly price reduction for December shipments.
Formosa reduced its new HRC list prices for base SAE1006 to $460/t cif Vietnam. The mill’s price for SS400 and for pipe-making grades was at $455/t. Hot rolled b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous