Vietnam's Formosa Ha Tinh raises HRC offers despite spot market weakness

Major Vietnamese integrated steel producer Formosa Ha Tinh Steel Corp is raising its offers for hot-rolled coil by $25 per tonne despite spot prices in Vietnam showing signs of weakening.

The increases are applicable to cargoes to be shipped and delivered in September. The steelmaker’s latest offers are as follows: Skin-pass SAE1006 HRC: $541 per tonne cif (compared with $516 per tonne cif previously) SS400 and pipemaking-grade HRC: $531 per tonne cif (previously $506 per tonne cif) SPHT3, S235JR, SG255 and SS490 HRC: $561 per tonne cif (previously $536 per tonne cif) Non-skin-pass hot-rolled band: $536 per...

Published

Paul Lim

July 18, 2019

07:37 GMT

Singapore