17
Jun
11:29
Vietnamese HRC market slumps as Formosa cuts offers
The Vietnamese hot rolled coil market continues to deteriorate, Kallanish notes. Vietnamese producer, Formosa Ha Tinh Steel has lowered the domestic price for its August shipments further. At the same time, traders are pressing down the import market more quickly than expected by short-selling.
Formosa has cut the offer price for its new allocations of non skin-passed SAE 1006 HRC to $724-725/t cfr Ho Chi Minh City (HCMC), local industry sourc…
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