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Vietnamese producer Formosa Ha Tinh Steel (FHS) has hiked its latest monthly domestic hot rolled coil prices by nearly $60/tonne. Market participants had anticipated a smaller price hike of $45/t. The increase is spurring Chinese HRC suppliers to lift offers to Vietnam. The mill announced on 16 February that the April-shipment price for non-skin-passed SAE 1006 HRC would be set at the equivalent of $694/tonne cif Vietnam, up from around $635/t cif lā€¦
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Anna Low Singapore
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