Formosa Ha Tinh (FHS), Vietnam’s largest steel producer, reduced its hot-rolled coil (HRC) prices by approximately $5/t m-o-m for Feb’25 sales. Following this adjustment, FHS’s HRC prices (SAE1006, skin-passed) were at around $515/t CIF Ho Chi Minh City. Meanwhile, demand in Vietnam is expected to remain weak in the near term due to the upcoming Tet holidays in the region.
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