Vietnam’s Formosa Ha Tinh sharply cuts its local HRC prices

Late last week Vietnamese producer Formosa Ha Tinh announced its domestic HRC prices for November shipment, cutting them by $51/mt.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -2.41
Scrap HMS I/II 80:20, CFR Turkey, $/mt -3.82
Billet FOB CIS, $/mt -2.21
Rebar FOB Turkey, $/mt 0
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China 0
HRC FOB Turkey -0.99
Iron ore (62%) CFR China -2.41
Scrap HMS I/II 80:20 CFR Turkey 0
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  Weekly Change (%)
Turkish Scrap Index 0.16
China HRC export index 0.5
China CRC export index 0.44
Turkish HDG Index 0
Click to see full list
USA Scrap Export January - July 2019 / mton
Turkey 2,080,339
Canada 1,116,168
Taiwan 1,014,662
Mexico 785,701
South Korea 739,024
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