Tag: Vietnam: Formosa increases HRC offers by around $30/t m-o-m for May’23

Vietnamese steel major, Formosa Ha Tinh, has increased HRC prices by $33/t m-o-m for May 2023 shipments. Subsequent to the revision, prices of HRC (SAE1006, skin pass) stand at $732/t CIF Ho Chi Minh City. Meanwhile, non-skin pass coils are at around $727/t CIF, sources informed. Factors driving up offers –  1. Hike in imported…