[SMM Steel] Hoa Phat raises HRC prices by $50/t on cost pressure

Published: May 5, 2026 17:38

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[SMM Steel] Hoa Phat Group increased HRC prices by $50/t, above market expectations, signaling a stronger price floor in Asia. The hike is driven by higher iron ore and coal costs, reduced low-priced import pressure, and steady regional demand. It is expected to lift downstream prices (CRC, GI) and may prompt price increases from China Steel Corporation for June bookings.

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