Vietnam: Formosa Ha Tinh reduces HRC offers for late-Dec'24, early-Jan'25 sales

Formosa Ha Tinh (FHS), Vietnam's leading steel producer, has reduced its HRC prices by around $10/t CIF m-o-m, depending on the quantity booked, for late-Dec'24 and early-Jan'25 sales. Post-revision, prices of HRCs (SAE1006, skin-pass) stood at $534-548/t CIF Ho Chi Minh City. The price reduction follows lower offers from domestic competitors and competitive imported HRC offers from China.