Vietnam’s Hoa Phat has raised HRC (re-rolling grade) offers for domestic customers by $140/t against its previous offer floated in mid-Nov ’20, sources have reported to SteelMint. Currently, the company is offering HRC at around $695/t CIF Ho Chi Minh for Feb ’21 deliveries and is selectively offering material to its customers due to limited allocations. The sharp hike in imported HRC prices and strong demand from the coated-steel segment have boosted domestic HRC prices in Vietnam.
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