Author: Shruti Tripathi
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Vietnam: Formosa Ha Tinh reduces HRC offers for Aug’25 sales
Competitor Hoa Phat cuts HRC tags by $11/t m-o-m Weak domestic demand continues, pressuring prices Vietnamese steel giant Formosa Ha Tinh (FHS) has reduced its hot-rolled coil (HRC) prices by approximately $11/tonne (t) m-o-m for August 2025 sales. Following this adjustment, FHS’s HRC prices (SAE1006, skin-passed) ranged within $497-507/t CIF Ho Chi Minh City (HCMC),…