17
Nov
11:43
Formosa slashes domestic HRC but sales seen limited
Vietnamese producer Formosa Ha Tinh Steel (FHS) has lowered domestic prices for its new allocations of hot rolled coil, Kallanish notes. While the new prices may be deemed competitive against imports, continued depressed demand and high inventories could prevent the mill from achieving its targeted sales.
FHS has announced the January/February-shipment price for non-skin-passed SAE 1006 HRC will be at the equivalent of $550/tonne cfr …
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Anonymous
Very good overview of the weekly steel market.
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