Vietnam: Formosa Ha Tinh lifts HRC offer sharply by up to $120/t m-o-m

Formosa Ha Tinh (FHS), Vietnam’s largest domestic steelmaker, has announced a sharp hike in its monthly HRC (SAE 1006) by $120/t m-o-m for July delivery.

Recent offers are mentioned below-

• HRC (SAE 1006), skin pass stands at $1,032/t CIF as against $910-912/t CIF basis a month ago,
• HRC (SAE 1006), non-skin pass stands at $1027/t CIF compared to $905-907/t CIF basis last month,
• Sharp increase in imported HRC offers led to hike in domestic offers.