Steel Network
13,407.44 TRY BIST 100 BIST 100
51.94 EUR EUR EUR
43.42 USD USD USD
6.28 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
34.13 TRY Interest Interest
69.26 USD Fossil Oil Fossil Oil
13,407.44 USD Copper Copper
168.08 USD Silver Silver
104.22 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,761.05 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

FHS continues its successful progress in the challenging steel market of 2023

In the backdrop of a sluggish global steel market in 2023, and amid persistent threats posed by imported materials, particularly from China, Vietnam's leading blast furnace mill, Formosa Ha Tinh Steel (FHS), has demonstrated remarkable resilience.

FHS continues its successful progress in the challenging steel market of 2023

FHS not only continued to fulfill orders after mid-September but even managed to surpass the order volume achieved in August.

FHS attributes its remarkable success in navigating these challenging market conditions to a combination of strategic factors. Firstly, downstream customers have maintained lean inventories, driving a continuous need for raw material replenishment. Secondly, FHS has maintained a competitive pricing strategy, ensuring affordability even in the face of market uncertainty. Lastly, the depreciation of the Vietnamese Dong has provided a boost to local steel mills, further enhancing FHS's ability to meet demand and remain competitive in the global steel landscape.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Çolakoğlu Metalurji supports engineering students with a modern workspace

Friday, January 30, 2026

The export agenda of the casting industry was discussed at İDDMİB meeting

Friday, January 30, 2026

Russian billet market trapped in a low-demand zone

Thursday, January 29, 2026

Meranti Green Steel completed all offtake agreements for its green iron project in Oman

Friday, January 30, 2026

Turkish businessmen are preparing for a trade visit in Saudi Arabia, Egypt, and the UAE

Friday, January 30, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now