Vietnam: Formosa Ha Tinh hikes HRC offer by $65 for Mar deliveries

Vietnam’s leading steel maker – Formosa Ha Tinh (FHS) has announced a price hike in its domestic HRC by $65-70/t for Mar’21 deliveries. Revised offer for skin pass HRC (SAE 1006) now stands at around $725/t CIF, SteelMint learned from its trade sources. Last month the offers stood at $650-655/t CIF basis for Feb’21 shipments. Sharp hike in imported HRC offers,backed by active bookings by downstream mills prompted mill to raise domestic offers