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Weekly: Global HRC And CRC Market Overview

Chinese HRC export offers remained largely stable on limited inquiries- The nation’s HRC export offers remained largely stable this week due to fewer trade inquiries owing to lockdown announced across the globe to prevent COVID-19.
--The current HRC export offers are reported at USD 405-410/MT FOB China basis --Meanwhile Chinese steelmakers have shifted their interest to imports on cheaper HRC export offers from major steel producing nations like India, Russia and Korea. Last week, South Korean mill concluded the deal for around 100,000 MT HRC to

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