ASIA HRC: Import market tracks Formosa Ha Tinh's price increase

Prices for hot-rolled coil imports in the key Vietnam market increased in the past week, bolstered by large increases in domestic offer prices.

Major domestic producer Formosa Ha Tinh Steel Corp had increased its offers for September shipment and delivery cargoes on the evening of Thursday July 16, offering SAE1006-grade non skin pass HRC at $462 per tonne cif and SAE1006-grade skin pass HRC at $467 per tonne cif. SS400-grade HRC was offered at $457 per tonne cif.

This is an increase of about $7-12 per tonne from the previous month, below the expected $15-per-tonne increase being circulated by market participants before the official...


Paul Lim

July 20, 2020

10:30 GMT