Vietnam's Formosa Ha Tinh lowers HRC offers by $20 per tonne for December

Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has lowered its offer prices for hot-rolled coil, to be shipped and delivered in December, by $20 per tonne because of growing bearish sentiment in the global flat steel markets.

The steelmaker’s latest offers are: Skin-pass SAE1006 HRC: $460 per tonne cif (compared with $480 per tonne cif previously) SS400 and pipemaking-grade HRC: $450 per tonne cif (previously $470 per tonne cif) SPHT3, S235JR, SG255 and SS490 HRC: $480 per tonne cif (previously $500 per tonne cif) Non-skin-pass hot-rolled band: $455 per tonne cif (previously $475 per tonne cif). The downward...

Published

Paul Lim

October 18, 2019

14:03 GMT

Singapore