17
Jun
05:05
Formosa Ha Tinh reduces sales to minimise losses
Vietnam’s Formasa Ha Tinh has cut its finished steel sales in order to minimise losses, Kallanish understands.
The company’s sales allocations for August shipments for hot rolled coil and wire rod were set at 330,000 tonnes and 50,000t respectively. Previously, the mill produced 380,000t and 65,000t. “We have decided to reduce our sales because we are incurring losses at current prices and high production costs,” a source close …
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Anonymous
Very good overview of the weekly steel market.
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