HRC price movement in March

HRC China offers an increase of $20/mt
HRC Japan offers $720-730 CFR Vietnam
India offers $705-710 CFR Vietnam, but India offers little to Vietnam, focusing on offering EU when EU prices rise dramatically
HRC EU is forecasted to hit $900/mt by the end of this month due to reduced supply, increased demand, $80 increase over February
HRC US reached $1,200/mt, quite far from EU
Formosa Vietnam released new price at $730 CIF local, up $30 from April.
USD exchange rate increases

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