Currently, the Korean steelmakers Posoc and Hyundai Steel have both cut its export prices of hot rolled coils (HRC) to US$560/ton FOB from US$570~US$580/ton FOB in September, affected by decreased HRC export prices offered by Chinese steelmakers. It's known that China's HRC export prices to Korea decreased to US$530/ton FOB recently, and the prices to Southeast Asia dropped to US$520/ton FOB.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66776&division=A2
