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12 Jan
12:26

Vietnam's Formosa hikes HRC prices in slowing market

Vietnam’s hot rolled coil market is quiet after prices dipped in tandem with the weaker Chinese steel and iron ore markets. Local users may not fully accept local mill Formosa Ha Tinh Steel (FHS)’s proposed hike for its latest monthly domestic HRC prices, Kallanish is told. FHS announced on Friday a hike of around $22/tonne in its latest monthly domestic HRC prices. The mill set its non-skin passed SAE 1006 HRC for March/April shipment at around $647-6…
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