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Vietnam: Formosa Ha Tinh to Skip Pricing for May delivery

The company has put off their monthly HRC pricing announcement for May deliveries shared by company officials to SteelMint. Further he shared that they will negotiate the prices separately with the individual customers.
-- Formosa has an installedcrude steel production capacity of 7 MnT pa. -- Significant drop in imported HRC offers from Russia and Indian and extension of lock-down in Vietnam fueled pessimism in domestic market. Also buyers in Vietnam prefer low priced imports over domestic. -- Prior this, last week Vietnam based domestic

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