Benxi Steel has reduced its hot rolled coil (HRC) offer for December shipments by approximately $5/ton.
As Chinese HRC prices continue to decline, Japanese mills plan to increase their bargain price
Hot rolled coil (HRC) prices in China's domestic market continue to decline. The decrease in prices affects export prices negatively.
Japanese factories, on the other hand, expect prices to recover, also consider raising the bargain price in November.
Ups and downs are observed in hot rolled coil prices
The main reason for the unstable hot rolled coil prices is the reactions of the Indian and Korean mills.
HRC prices in India rose $7/MT this week
HRC prices in India rose $7/MT this week.
POSCO Steel and Vietnam mills offered lower prices from Russia and India, but POSCO Steel's bargaining competition may cause prices to drop further.
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