HRC demand is poor in South Korea on account of summer holiday.
HRC price in Pohang Steel Corporation (POSCO) stands at USD 733-742/MT.
Offers for commercial HRC with boron content from China to
Korea during August has decreased to USD 575-585/MT CFR, with a decline of USD
15-20/MT compared to that in mid-July.
Further plunge in prices is expected due to very little
amount of orders received.
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