Author: Sakeena Rizvi
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Vietnam: Formosa cuts HRC offers by around $45/t m-o-m for Apr’24 sales
Vietnamese steel major, Formosa Ha Tinh, has cut HRC prices by $45/t m-o-m for April 2024 shipments. Subsequent to the revision, prices of HRC (SAE1006, skin pass) stand at $613-620/t CIF Ho Chi Minh City. Meanwhile, non-skin pass coils are at around $608-615/t CIF, sources informed. Factors behind lower offers- 1. Lower imported HRC offers:…