Formosa Ha Tinh Steel increased its offer for re-rolling grade HRC (non skin pass) for July shipment by $110-120 per tonne to $1,030 per tonne cif for domestic buyers. Sources said that its export offers were $1,100 per tonne fob.
Re-rolling grade HRC with skinpass will fetch an additional $5 per tonne premium, they added.
Hoa Phat Steel offered HRC at $1,018 per tonne cif north Vietnam, and at $1,020 per tonne cif central Vietnam. It was also offering HRC at $1,022 per tonne cif south Vietnam.
“There’s a slight discount for Hoa Phat’s materials, although many buyers are focusing on Formosa’s cargoes,” a Vietnamese trader told Fastmarkets on Friday.