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16 Feb
11:09

Vietnamese buyers bid down after Chinese HRC slides

Vietnam's Hoa Phat has sharply raised domestic prices for its new hot rolled coil allocations to reflect the current market, Kallanish notes. Similar to the other domestic strip producer, the mill’s new prices are still competitive against imports. The group's flat steel company, Hoa Phat Dung Quat Steel, announced on Wednesday that its HRC prices were increased by VND 2,200/kg ($97/tonne) from last month. Its new prices for grade SAE1006/SS400 …
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