Tag: Anticipation of increase in offers from China

Vietnam: Preference for domestic HRC weighs on import appetite

Mar 21, 2022

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by

Kalpesh Padhiar

in HRC

Vietnam’s domestic steel majors Formosa Ha Tinh and Hoa Phat announced an increase of around $80-90/tonne (t) in their monthly HRC prices for May- and early June sales, as reported by SteelMint. The hike in offers was on the back of rising in input costs and imported HRC offers. Despite, a sharp hike in announced…