Tag: Vietnam: Hoa Phat reduces HRC prices by around $10-15/t m-o-m for Aug’24 sales

Hoa Phat has reduced its monthly HRC (SAE1006, non-skinpassed) prices by around $10-15/t for Aug’24 sales, sources informed BigMint. Post-revision, effective prices stand at approximately $565/t or VND 14,435,000/t for Southern region, excluding VAT. In response to slow domestic demand and competitive import offers from China, the company has decided to reduce prices.