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Indian steelworkers decide to export hot rolled coils (HRC) at a very low price
Indian steel mills now competed with Russian metallurgists due to price war in the Southeast Asian market.
As an example, Indian steelworkers decided to export hot-rolled coils (HRC) at a very low price, even lower than last week, by $ 5-10 per ton, but the deal remained unchanged.
However, since the Chinese national holiday, the export price from China remained unchanged, it was expected that trade activity in Southeast Asia would also remain weak.
At the same time, Chinese producers are gaining from surging margins between steel prices and costs such as iron ore and coking coal
The largest electrometallurgical company of Japan said that it will raise prices for its metal products by at least 5 percent. Tokyo Steel is also considering raising prices next month.
