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Vietnam's Hoa Phat Group has raised the domestic price for its new allocations of hot rolled coil by around $55/tonne, Kallanish notes. Non-skin passed SAE1006 or SS400 grade HRC has been set at the equivalent of around $650/tonne (VND 15,300/kg) cfr Haiphong and $652/t cfr Ho Chi Minh City (HCMC). Prices are for March/early-April shipments and exclude VAT. Market bullishness in China ahead of the Lunar New Year spurred speculation that the m…
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Anna Low Singapore
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