Vietnamese producer Formosa Ha Tinh Steel (FHS) has reduced domestic prices for its new allocations of hot rolled coil and wire rod amid a sluggish market, Kallanish notes.
FHS announced that the October shipment price of its non-skin-passed SAE 1006 hot rolled coil prices will be at the equivalent of $610/tonne cfr Ho Chi Minh City, a decrease of $45/t, sources in the company confirmed on 15 August. Like before, the mill’s SS400 gr…
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