Global hot rolled coil (HRC) export offers have climbed up in January 2023 to touch six-month highs, shows SteelMint’s data. FoB prices in China, Japan, Korea and India, the countries which together enjoy around 45% of the seaborne trade, are all nudging levels last seen in July 2022. For instance, China’s current $627/tonne (t) was hovering around $623/t in July. Japan’s $620/t was at $656/t and India’s $616/t ruled at near about $617/t six months back.
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