Hoa Phat, a leading steel manufacturer in Vietnam, has reduced its list price of HRC (SAE 1006) by $20/t m-o-m, a Vietnam-based source informed SteelMint.
- Revised price stands at $900-905/t CIF basis for Oct ’21 deliveries.
- In Jul, the company was offering HRC at $920-925/t on a CIF basis for Sept delivery.
- Dull demand in the domestic market due to COVID cases led to the fall in HRC prices.
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