After China's Baosteel raised its hot rolled coil (HRC) prices by RMB 400 per tonne in May, Vietnamese company Formosa Ha Tinh Steel Corporation (FHS) sharply raised its hot rolled steel prices by $ 145 per tonne yesterday (April 12). and the price of wire rod was increased by US $ 84 per tonne for delivery between May and June.
Due to the ever-increasing cost of raw materials, demand from Europe and the United States remained good. In addition, China may reduce its export duty exemptions. Under the influence of the above factors, world steel prices rose.
Although the HRC price in the FHS domestic market rose sharply in June by $ 145 per tonne, market participants considered the price reasonable.
Vietnamese Formosa Ha Tinh Steel raised prices for June
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Azovpromstal® 14 April 2021 г. 09:46 |
