Continuously falling steel prices in china have resulted in the decline of imported prices in Southeast Asia. Quotation for Chinese CR Plate to be delivered in October decreased to USD580-585 per ton, equivalent to USD605-615 per ton CFR reaching in Southeast Asian countries.
Most of the CR manufacturing units are forced to close down due to high base stock prices and low import prices. Further some galvanizing mills found out that using Imported Chinese CRC as raw-material will be more economical and feasible.
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