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Formosa Ha Tinh Steel increases prices in April

The increase was above market expectations. Market participants said that the upside adjustment was due to significantly higher import prices.

Formosa Ha Tinh Steel increases prices in April

Formosa Ha Tinh Steel Corporation (FHS) of Vietnam announced its new April prices, with hot rolled steel increasing by $62/ton and wire rods increasing by $50/ton for delivery in March.

According to the FHS, the dollar index is currently at a relatively stable level after decreasing from a high point. Current raw material prices, such as coal and iron, are rising in response to increased global demand. The international steel market remains on an upward and stable trajectory.

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