Vietnam: Hoa Phat raises HRC prices by $35/t m-o-m for Dec’24 sales

Hoa Phat Group, the leading industrial manufacturing group in Vietnam, raised its monthly HRC (SAE1006, non-skinpassed) prices by around $35/t for Dec’24 shipments, sources informed BigMint. Post-revision, prices stood at approximately $550/t or VND 13,624,948/t for the southern region, excluding VAT. The price rise follows a sharp increase in Chinese imported HRC offers ahead of the Chinese National Day holidays (1-7 Oct’24).