Tag: Vietnam: Imported HRC offers decline w-o-w amid competitive domestic prices

Imported hot-rolled coil (HRC) offers from China to Vietnam fell w-o-w amid drop in domestic HRC prices. Vietnamese steel major, Hoa Phat, has reduced HRC prices by $11-15/tonne (t) for end-May to early-June 2024 sales, informed sources. The price cuts follow a similar move by Formosa Ha Tinh Steel (FHS) earlier this week. Chinese HRC…