With the movement of steel market accompany with Chinese HRC price hike during these vibrant days , Formosa Ha Tinh has released new Vietnamese HRC price for August shipment to catch up with market locomotion.
New Vietnamese HRC price has been launched with an increase of 25 usd/mt higher than previous month, which now reaches 535 usd/mt FOB.
This level is higher than Vietnamese manufacturers and foreign buyers’ expectation. The market looked forward for a slight rise of 5-10 usd/mt compared to July shipment prices. However the HRC variability is more than market’s prediction.
Some general prices are offered in the market now:
- HRC SAE 1006/SPHC/SPHT1: 535 usd/mt FOB
- HRC SPHT3, S235JR, SG255, SS490: 555 usd/mt FOB
- HRB without skinpass: 530 usd/mt FOB
- SS400 and pipe making grade: 525 usd/mt FOB
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