Vietnam’s leading steel producer, Formosa Ha Tinh, has lowered HRC (SAE 1006, skin pass) prices by around $75/t to $745-750/t on CIF basis for Mar’22 deliveries, sources informed SteelMint.
The continual decline in offers from major exporting countries has prompted the mill to reduce prices for domestic sales, SteelMint learnt from trader sources.
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