Vietnam’s second strip producer, Hoa Phat Dung Quat, has lowered its domestic hot rolled coil price for October shipments. The company’s price announcement comes two days after leading strip producer, Formosa Ha Tinh Steel, announced a price cut for October shipments, Kallanish notes.
Hoa Phat has set prices for non-skin passed HRC at the equivalent of $595/tonne cfr Vietnam for both SAE 1006 and SS400 grades, a company source says. According…
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