Category Archives: Uncategorized

On November 14, Vietnamese producer Formosa Ha Tinh Steel (FHS) announced new local prices for HRC for shipment in January, hiking them by $40/mt on average since the end of October. FHS has increased its offers for non-skin SAE1006 and SS400 HRC to local customers to around $590-600/mt CIF, versus $555/mt CFR in late October, […]

Formosa revises offers downwards as mood still negative in import HRC market in Vietnam Following the weakening in the Vietnam’s HRC import market seen last week and at the beginning of this week, import HRC prices have continued to plunge given further decrease in ex-China offers as news about Chinese government to stimulate economic recovery […]

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 […]

As previously forecast, Formosa price has increased by more than $60 for March and April delivery orders, reaching $700-705/mt. This is driving domestic prices up faster. China futures market continued to have a strong uptrend, the price of HRC SS400 touched $620/mt. Domestic China shows increasing purchasing power and domestic prices are also increasing strongly […]

Coal and iron ore prices increased from 1.2% to 1.9%, leading to a sharp increase in billet prices reach $565/mt. The volume of scrap imported to Korea increased sharply from 58,000 tons to 127,000 tons within 2 weeks. The Japanese scrap price offered to Bangladesh was at $460/mt, quite high compared to the domestic market […]

Prices of billet, scrap, and coal all increased, putting pressure on HRC to increase slightly during the week. The price HRC China offers to Vietnam is at $550-555 CFR SAE1006, an increase of $15 compared to last week. Construction steel factories in Vietnam have all announced price increases, specifically VAS factory has increased by $15/mt, […]

Many mills cut production, causing shortages, not only in China but also in EU and Vietnam. Hoa Phat mill announced to close 4 blast furnaces to maintain the remaining production segments until market demand improved. China billet price inched slightly by $5/ton today, November 9th to $479/ton. Meanwhile, the billet price Vietnam offered at $490 […]

The price of billet in early November fluctuated under the downward pressure of scrap and iron ore prices, but China’s Tangshan billet price increased by $20/mt yesterday, November 1, 2022, making market sentiment a bit volatile, price offer at $470/mt. HRC China price dropped another wave, HRC SS400 price hit $480 and SAE1006 hit $500/mt. […]

Formosa slightly decreased by $10-15 for December 2022 shipment, which was forecasted earlier because the market did not have a clear signal of a clear increase or decrease. In general, the market demand is still weak and there is no breakthrough. SS400 price is at $510-515/tons, it is forecasted that the asking price from China […]

China: HRC price decreased slightly by $5-10/tons, HRC SS400 price is at $560-570/tons CFR Vietnam. Futures for December delivery fell sharply to $520/tons/tons. The reason is that the Covid19 epidemic broke out again in some big cities such as Shanghai, Shenzhen…. HRC steel prices in Asia is gloomy in the fourth quarter due to steel […]