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13 Mar

Vietnam's Formosa targets slightly lower HRC prices

Vietnam’s Formosa Ha Tinh Steel (FHS) has announced new monthly domestic hot rolled coil prices which may be too high for the current weak market to accept, Kallanish understands. In dollar terms, the mill’s latest prices are $5/t lower than last month because of the dong’s depreciation against the USD. But the mill has actually set its VND-denominated list prices unchanged from last month. The mill released on Wednesday its non-skin passed SAE 1…
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