Chinese HRC offer to S. Korea

Thursday, 11 January 2007 11:55:07 (GMT+3)   |  
Chinese trading company Jilin Tonggang International Trade Co. Ltd (Tonggang) has just issued its new export hot rolled coil price at $490/mt CFR South Korea main port on actual weight basis via at sight payment by letter of credit for February/March shipments, and valid for 2,000 mt SS400 grade 4.0-8.0 mm thick orders. The price has increased $20/mt compared to the price at the end of December 2006. Tonggang told Steelorbis that they consider the price level of $490/mt CFR South Korea main port to be reasonable, adding that they expect customers to accept it.

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