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24 May

Vietnamese HRC languishes on weak demand

The Vietnamese hot rolled coil market continues to languish. Domestic producer, Formosa Ha Tinh Steel (FHS), was forced to discount its domestic prices to spur buying among domestic rerollers, Kallanish understands from market sources. FHS reduced its hot rolled coil prices on 19 May to around $15-20/t for large-volume customers. Deals for the mill's non-skin passed SAE 1006 HRC took place at around $575/t for tonnages of 20,000t and more, traders say. &ldquo…
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