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25 Feb
11:32

Hoa Phat's tepid HRC hike surprises market

A Vietnamese producer’s latest hot rolled coil prices have generally surprised market participants. They thought the mill could have raised its prices higher to reflect the current robust market sentiment. Hoa Phat Dung Quat Steel’s new base prices for SAE 1006/SS400 grade HRC for end-April/May shipments are at $686/t tonne cif northern Vietnam, $688/t cif central Vietnam and $690/t cif southern Vietnam. The mill’s HRC prices for March/April…
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