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South Korea suspending exports of stainless steel CRC

5 Aug 2008 11:40 reported by Shelley

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South Korea is now suspending exports of stainless steel CRC.

Nickel price plunged to under US$20,000/ton and the bid price from overseas customers are difficult to accept, since buyers’ ideal price for CRC is even lower than that of HRC.

Besides, China is offering more favorable prices, aggravating the stainless steel export market in South Korea. Therefore, Sourh Korean mills are holding off from offering stainless steel CRC.

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