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Vietnam: Hoa phat cuts HRC offers by $50/t m-o-m

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21 Jul 2021, 17:16 IST
Steel Mint Intel

Vietnam's leading steel manufacturer Hoa Phat has reduced its list price of HRC (SAE 1006) by $50/t m-o-m, a Vietnam-based source informed SteelMint.

  • The company's current offer stands at $920-925/t on CIF basis for Sept '21 deliveries.
  • Earlier, for Aug deliveries, Hao Phat was offering HRC at around $965-970/t CIF
  • The company posted steel sales at 4.3 mn t in H1 CY '21
  • Prices have fallen in the domestic market following a decline in HRC import offers from India, China and Russia along with reduction in prices by Formosa.

21 Jul 2021, 17:16 IST
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