After the Mid-Autumn Festival, Vietnam's Formosa Ha Tinh Steel Corporation (FHS) will open November's price this week.

Because the Hoa Phat Group has raised prices, and China's wire rod quotation for export prices also have risen, coupled with the depreciation of the Vietnamese dollars, Ha Tinh Steel's list price of wire rods was expected to stop decreasing.

Market conditions show that many factors have been more and more conducive to opening Ha Tinh Steel's price. In addition, POSCO's carbon steel plate production lines and warehouse products were affected by the typhoon, and Hoa Phat, Ha Tinh's main domestic rival, raised its wire rod prices.