Tag: Vietnam: Formosa Ha Tinh cuts HRC prices by $45/t m-o-m for Oct’22 sales

Vietnam’s leading steel mill Formosa Ha Tinh (FHS) has reduced its monthly hot-rolled coil (HRC) offers for October and early-November 2022. Post-revision, the effective price of skin-pass HRCs (SAE1006) stands at $610/t CIF Ho Chi Minh, down $45/t in comparison with $655/t CIF a month ago. Factors behind the price drop- 1. Fall in imported…