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…
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