SteelMint

Tag: Formosa Ha Tinh price revision Jan’22

  • Vietnam: Formosa cuts HRC prices by $40-45/t for Jan’22

    Vietnam: Formosa cuts HRC prices by $40-45/t for Jan’22

    —

    by

    Kalpesh Padhiar
    in

    Vietnamese steel major Formosa Ha Tinh has cut Jan’22 delivery prices for HRC by $40-45/t, SteelMint learnt from sources. Offers for skin-passed HRC now stand at around $885/t CIF HCMC basis. The sharp decline in Chinese HRC offers since the beginning of Nov’21 has led to Formosa slashing offers for Jan delivery, SteelMint notes.