Virus pandemic forces Vietnam's Formosa Ha Tinh to lower HRC, wire rod offers

Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has lowered offer prices for its hot-rolled coil products for May shipment and delivery by $40 per tonne on weakening sentiment amid the global coronavirus (2019-nCoV) pandemic.

The steelmaker’s latest offers are as follows:
- Skin-pass SAE1006 HRC: $480 per tonne cif (previously $520 per tonne cif)
- SS400 and pipemaking-grade HRC: $470 per tonne cif (previously $510 per tonne cif)
- SPHT3, S235JR, SG255 and SS490 HRC: $500 per tonne cif (previously $540 per tonne cif)

- Non-skin-pass hot-rolled band: $475 per tonne cif...

Published

Paul Lim

March 16, 2020

10:08 GMT

Singapore