Vietnam: Hoa Phat reduces HRC prices to $700/t for August, early-September sales

Vietnamese integrated steel manufacturer Hoa Phat has reduced its HRC (SAE1006, non skinpassed) prices to $700/t (or VND 16,400,000/t) for Aug and early-Sep’22 deliveries in the domestic market. The announced price is about $75/t lower compared to Jul-early-Aug level of $775/t. For HRC (SS400) the price stands at $690/t (or VND 16,200,000/t), sources informed SteelMint.