Vietnamese steel major Hoa Phat Group has decreased its HRC (SAE1006, non-skin-passed) prices by $8/t m-o-m for Jan-Feb’26 sales after keeping them stable for Nov’25 sales. Post revision, prices in the southern region stood at $520/t or VND 13,680,000/t against $528/t or VND 13,943,756/t, excluding VAT. The decline in HRC prices is attributed to weak market sentiment and subdued demand in Vietnam.
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