Vietnam’s Formosa Ha Tinh plans sharp HRC price hike for July deliveries

Vietnam’s domestic integrated steel producer, Formosa Ha Tinh (FHS) is likely to announce a sharp hike in its monthly HRC offers for July deliveries.

• The company is likely to announce revised offers next week.
• Offers of HRC (skin pass, SAE 1006) are expected to increase by $100/t m-o-m
• Higher imported HRC offers is expected to lift domestic prices
• Last month, the company sharply raised HRC price by around $140-145/t m-o-m.