Tag: Vietnam: Hoa Phat cuts HRC prices by up to $65/t for Mar’22 deliveries

Leading Vietnamese steel producer, Hoa Phat, has reduced HRC prices by $60-65/t m-o-m for Mar’22 despatches, Vietnam-based sources informed. Offers for HRC (SAE 1006, skinpass) are at  $732-736/t on CIF basis. Price reduction by Formosa Ha Tinh and continual decline in import offers from major exporting nations are the key factors. In CY’21, the company…