Friday, 10 Jun 2011
It is reported that Chinese steel mills have tried to raise the quotes of hot rolled coil for South Korean market for August delivery. It’s known that China export quotes of HRC for August delivery would be at around USD 725 per ton CFR up by USD 10 per tonne to USD 15 per ton in comparison of USD 715 per ton CFR for July delivery.
However, it’s said that the prices were unfavorable for South Korean buyers due to weak demand in South Korean market. (sourced from MySteel.net)
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