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South Korea’s HRC export prices drop
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Recently, South Korea’s export prices of hot rolled coils (HRC) have continued falling due to weak demand in global market.
At present, the country’s export quotes of HRC have decreased by US$30/ton from the prices in the end of May.
It’s known that the Southeast Asian steel import market have remained sluggish by the coming of rainy season.
According to statistics released by the Korea Iron and Steel Association (KOSA), South Korea’s HRC exports totaled 399,000 tons in May, down by 7% from a month earlier, reaching the lowest level since this year.
News Date
6/25/2012 7:45:27 AM
reported by
Kasim Xu
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