16
Mar
14:16
Formosa hikes domestic HRC prices
Vietnam’s Formosa Ha Tinh announced a hike in its monthly domestic coil offer prices on Saturday, Kallanish notes. The $16/tonne price increase was widely anticipated by the Vietnamese market during the week (see separate article).
Following its March meeting, the sole domestic producer will raise its SAE1006 re-rolling base grade coil for May shipments to $551/tonne cif compared to $535/t cfr cif for April shipments. SPHT3, S235JR, SG255 and SS490 gr…
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Anonymous
Very good overview of the weekly steel market.
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