Vietnamese integrated steel manufacturer Hoa Phat has further reduced its HRC prices by $15-20/t for Jul’22 and early-Aug deliveries in the domestic market. After the price revision, the offer for HRC (SAE1006, non-skinpassed) now stands at $775/t CIF Ho Chi Minh City. The decline in global steel prices and slow buying interest were key factors behind the reduction, SteelMint notes.
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