Tag: Rising export offers in the global market
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Vietnam: Preference for domestic HRC weighs on import appetite
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…