"HRC production started in the second half of April and the company is working to stabilize the quality of its supply," a source close to the company told Fastmarkets.
The mill is said to have offered small trial shipments to the spot market, but this could not be confirmed at the time of writing.
"The current supply is being consumed internally for now," the source said, referring to the group’s subsidiary, Hoa Phat Steel Pipe.
Offers for higher-grade coil have not been issued yet.
"Re-rolling-grade materials such as SAE1006 coil may only be offered later this year," a source at a Vietnamese re-roller said.
Hoa Phat is Vietnam's second-largest steelmaker, behind...