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ASIA HRC: Major Vietnamese mills raise HRC offers amid market surge Major Vietnamese steel mills raised their offer prices for hot-rolled coil in the week to Friday May 14 after major domestic suppliers Formosa Ha Tinh Steel and Hoa Phat Steel increased their offers for local buyers this week. Formosa Ha Tinh Steel increased its offer for re-rolling grade HRC (non skin pass) for July shipment by $110-120 per tonne to $1,030 per tonne cif for domestic buyers. Sources said that its export offers were $1,100 per tonne fob. Re-rolling grade HRC with skinpass will fetch an additional $5 per tonne premium, they added. ....
Import transactions for steel hot-rolled coil in the key Vietnam market slowed in the week to Friday April 16 because of new offers from domestic blast furnace-based steel mills, market participants have told Fastmarkets. ....
Steel reliance to be reduced in Ha Tinh 08:00 | 02/04/2021 The central province of Ha Tinh is striving to change for the better with its first-ever master planning expected to be adopted this year, with focus to be laid on the development of steel, energy, service, tourism, and logistics as the key pillars. However, should the province continue relying on steel manufacturing, which is prone to environmental pollution? The master plan will see Ha Tinh prioritise development of manufacturing, logistics, services, and more. Photo: Le Toan Nguyen Chi Dung - Minister of Planning and Investment, Chairman of the Appraisal Council Vietnam currently has five big opportunities â stable political, social, and economic environment in addition to improved infrastructure; 14 free trade agreements that the country has inked with partners for further development; the Fourth Industrial Revolution; a gradual shift in trade and investment str ....