05
May
12:42
Vietnam market deems Hoa Phat's $70 cut insufficient
The Vietnamese hot rolled coil market remains weak with little indication that there will be a recovery anytime soon. Domestic mill Hoa Phat has announced a $70/tonne cut in its monthly domestic price for new domestic allocations of HRC, Kallanish notes. Some regard the price cut as insufficient in view of the plunge in Chinese offers.
Its non-skin passed SAE1006 or SS400 grade HRC has been set at the equivalent of VND 14,360/kg (around $610/t) cfr Ho Chi Minh Cit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous