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Vietnam: Formosa increases HRC prices for April sales

Source: Steelmint Feb 16, 2022 08:30
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Ferrous Industry
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

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