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A Vietnamese mill’s deep price cut for its domestic hot rolled coil products underscores the weakness in the Vietnamese hot rolled coil market, Kallanish understands. Hoa Phat Dung Quat Steel announced on 21 May a $130/tonne reduction for its July/August shipments effective Monday Hoa Phat’s new prices for SAE1006 grade HRC are pegged at VND 18,300/kg ($790/t) cif Haiphong and the equivalent of $795/t cif Ho Chi Minh City. For …
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Anna Low Singapore
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