16
Aug
17:52
Formosa cuts price as Vietnamese HRC slumps
Vietnam’s Formosa Ha Tinh cut its list prices for October shipments. Its prices have fallen by a fraction of the slump in import HRC prices however, Kallanish notes.
Formosa announced its new HRC price at $531/tonne cif for October shipment, down just $10/t from September shipments. The price is base SAE1006, with SS400 at a $5/t discount and a $5/t discount for pipe making grades. SPHT3, S235JR, SG255 and SS490 were priced at $551/t cif, also down $10/t f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous