Vietnam: Formosa increases HRC prices for April sales

Vietnamese steel major Formosa Ha Tinh has increased its hot rolled coil (HRC) prices for domestic sales by $90-95/tonne (t) for April, SteelMint learned from reliable sources. After revision, the offers are as follows:

SAE1006 (skinpass) stands at $845/t CIF Ho Chi Minh SAE1006 (nonskin pass) stands at $840/t CIF Ho Chi Minh SS400/ pipe making grade at $835/t CIF Ho Chi Minh Vietnam-based end-users were eagerly waiting for the price revision from domestic mills as imported HRC offers had risen sharply. Why this price hike? Rise in