Vietnam: Hoa Phat reduces HRC prices by around $25/t m-o-m

Hoa Phat has reduced its monthly HRC (SAE1006, non-skinpassed) prices by around $25/t for Sep’24 and Oct’24 sales, sources informed BigMint. Post-revision, effective prices stand at approximately $530/t or VND 13,300,000/t for southern region, excluding VAT. The company has lowered its prices to remain competitive in the face of declining domestic demand and falling import prices from China.