Chinese hot rolled
coil (HRC) exporters have arrived at the crossroad as export prices have approached the previous low of $600/MT.
Steelmakers have cut their HRC export prices again this week
in response to fewer transactions. Export prices for commercial-grade
boron-containing HRC are now at about $605-615/MT FOB i.e. down from $620/MT
FOB a week ago.
Traders are expecting prices to fall further while
steelmakers are hoping for price to remain firm.
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