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24 May

Formosa cuts HRC prices to remain competitive

Formosa Ha Tinh Steel (FHS) has lowered its domestic prices by a further $20-40/tonne for its latest hot rolled coil allocations, for June/July shipment, Kallanish notes. Its initial $20/t cut on 17 May was widely regarded by industry sources to be uncompetitive. The mill is setting lower prices for buyers who take larger tonnages (see table below). Its 17 May price announcement pegged June/July-shipment non-skin-passed SAE 1006 at the equivalent of $620-623/t cif…
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