SteelOrbis has learnt that hot rolled coil prices in South Korea are in general being quoted at $650-700/mt ex works; however, due to financial problems and consequent excessive availability of material, prices at $550-600/mt can also be heard.
In the meantime, offers of Chinese origin hot rolled coils are reported to be in the range of $450-500/mt CFR. Only limited tonnages are heard to have been booked, however.