Ex-China HRC to S. Korea

Chinese mills have indicated to SteelOrbis their export prices of hot rolled coil for re-rolling to South Korea at around $505/mt CFR on actual weight basis via payment by letter of credit for November shipments. Meanwhile, Chinese mills are offering hot rolled coils for pipe making to South Korea at $495-505/mt CFR on actual weight basis via payment by letter of credit for November shipments.