23
Aug
10:09
Vietnam's Formosa Ha Tinh lowers domestic HRC prices
Vietnamese mill Formosa Ha Tinh has given in to varying discounts for its hot rolled coil for October shipments, Kallanish understands. Many market participants had anticipated this because the mill would not be able to secure sales otherwise.
Formosa reduced its new HRC list prices for base SAE1006 by $10 to $531/tonne cif Vietnam when it released its price for October shipments in mid-August. At that time, many market participants were surp…
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Anonymous
Very good overview of the weekly steel market.
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