16
May
12:42
Vietnam's HRC users talk down Formosa's prices
Vietnam’s Formosa Ha Tinh Steel (FHS) is expected to lower the domestic price of its new hot rolled coil allocations for July shipment amid a sluggish market, Kallanish notes. Market sources have been speculating on the margin of the price drop.
Some rerollers and pipemakers are saying that prices will come down to $610-620/t cif, a trader in Hanoi says. “Such a level could still be too high for the domestic market,” he says. He understood …
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Anonymous
Very good overview of the weekly steel market.
Anonymous