Vietnam: Hoa Phat lowers HRC list price for Nov’21 sales

Vietnam’s leading steel producer, Hoa Phat, has reportedly announced a reduction in monthly HRC (SAE 1006) prices, sources informed SteelMint.

• The effective price post-revision stands at $900/t CIF Vietnam, for Nov’21 deliveries.
• Earlier, the steel producer was offering HRC at $905/t for Oct delivery.
• Slowing down of domestic trade activities amid Covid-19 restrictions have dragged domestic Vietnamese steel prices down.