Hoa Phat has dropped monthly HRC (SAE1006, non-skinpass) prices for Apr-May’24 sales by $30/t m-o-m. Post revision, effective prices are at VND 14,852/kg or $610/t CIF HCMC (southern region) against previous price of VND 15,653/kg ($640/t) excluding VAT. The price drop came amid slow domestic demand along with competitive import offers from China with slow Chinese SHFE HRC futures.
