Category: Stainless Steel
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South Korea: Chinese exporters reduce stainless steel offers, pressuring domestic prices
Nov-Dec shipments from China priced below current South Korean levels Weaker Korean won partly offsets impact of lower dollar-denominated offers Chinese stainless steel suppliers have reduced offers for November-December shipments to South Korea, bringing them below prevailing domestic and import-substitute prices and reviving concerns over downward pressure on the South Korean market. Market participants said…