ASIA HRC: Formosa Ha Tinh hikes offers amid short-selling of Chinese HRC

Vietnam’s Formosa Ha Tinh Steel Corp has raised prices for March shipment and delivery cargoes of hot-rolled coil despite the presence of position cargoes in the key Vietnam import spot market dampening prices.

The major domestic producer increased offers for domestic delivery by $65 per tonne to $720 per tonne cif for SAE1006 HRC without skinpass and $725 per tonne cif for SAE1006 HRC with skinpass. It is also offering SS400 and pipe-making grade HRC at $715 per tonne cif.
HRC for gas cylinder production, such as SG255 and SG295 grades, will fetch a premium of $25-35 per tonne, while other higher grades, such as Q355B, A572 and SS490, will fetch a $15-per-tonne premium.

The increases are in line with price changes by...


Paul Lim

January 11, 2021

10:54 GMT