Leading Vietnamese steel producer, Hoa Phat, has reduced HRC prices by $57/t for Jan’22 dispatches, SteelMint learns from reliable Vietnam-based sources.
- Offers for HRC (SAE 1006, skinpass) are at $835/t CIF Ho Chi Minh basis.
- Low buying interest and falling global steel prices prompted the revision.
- In Jan-Oct’21, the company’s HRC sales were recorded at 2.1 mn t.
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