Formosa Ha Tinh Corporation (FHS), Vietnam’s largest steel manufacturer of the country has revealed its billet offers for shipments scheduled by Dec’19-Jan’20. The price offered for billet by the company is reported to be USD 400/MT, CIF North, stable against last month and that to for South is reported to be USD 405/MT, CIF, marginally up by USD 5/MT, against last month.
SteelMint assessment for billet import offers in SE Asia is at USD 405-410/MT, CFR, up USD 5/MT against last week. Also supported Turkey’s imported scrap prices are keeping the market sentiments supported in the region.
Billet export offers from CIS rise marginally – This week billet export offers from CIS nations stands at USD 370-375/MT, FoB Black Sea, up USD 5/MT. Market sentiments were reported stable in the region.
As per SteelMint’s methodology, assessment of US-origin HMS 1&2 (80:20) scrap stands at USD 262/MT, CFR Turkey, increasing by USD 2/MT against last week.
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