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10 May

Formosa hikes HRC prices as market improves slowly

The Vietnamese hot rolled coil import market is improving, albeit slowly, Kallanish notes. Domestic producer Formosa Ha Tinh Steel (FHS) increased its latest monthly HRC domestic prices by around $15/tonne, while Chinese HRC offers are about similar week-on-week.  FHS released offers last Friday for non-skin passed SAE 1006 grade HRC for July shipment at the equivalent of $595-605/t cif Vietnam, depending on tonnage. The price is the same for its SS400/pipe-m…
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