SteelMint

Author: Kanishka Chhabria

  • Vietnam’s Hoa Phat lowers HRC prices by $20/t m-o-m

    Vietnam’s Hoa Phat lowers HRC prices by $20/t m-o-m

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    by

    Kanishka Chhabria
    in

    Vietnamese integrated steel manufacturer Hoa Phat has lowered its monthly HRC (SAE1006, non-skinpassed) prices by $20/t for Oct’22 sales, sources informed SteelMint. The drop in prices is due to lower sales, slow recovery in the domestic market post-COVID along with sluggish demand and fall in imported HRC offers. Post revision, the effective price stands at…