Hoa Phat follows aggressive price uptrend in Vietnam, increases local HRC prices

Thursday, 13 May 2021 11:35:46 (GMT+3)   |   Istanbul

The second largest HRC producer in Vietnam Hoa Phat Group has announced its new prices for HRC for July and beyond deliveries to the local customers. The company has followed the aggressive uptrend in the market, voicing new prices just a day later after the announcement of Formosa Ha Tinh, which hiked prices by $120/mt.

The new prices from Hoa Phat Group for SAE HRC have been reported at $1,018/mt CIF to North, $1,020/mt CIF to Central and $1,022/mt CIF to South Vietnam. This indicates $121-122/mt rise on average compared to the previous month.

Most market sources said that demand for HRC in the local market in Vietnam is good now. There are expectations that import prices will continue to go up by the end of May, so re-rollers are in a mood to restock in the local market.

Most Recent Related Articles

Chinese sellers try to push HRC prices up in Vietnam, buyers cautious

HRC deal prices post another drop in Vietnam, but demand slow

Import HRC prices in Vietnam fall, dragging down outlook for local market

Formosa Ha Tinh cuts HRC prices by $40/mt in Vietnam due to weakness in China

HRC prices in Vietnam resume downtrend amid cheap ex-China offers