Posted on 06 Aug 2008
South Korea suspending exports of stainless steel CRC
South
Korea is now suspending exports of stainless
steel CRC.
Nickel price plunged to under US$20,000/ton and the bid
price from overseas customers are difficult to accept, since buyersa€? ideal
price for CRC is even lower than that of HRC.
Besides, China
is offering more favorable prices, aggravating the stainless steel export
market in South Korea.
Therefore, Sourh Korean mills are holding off from offering stainless steel
CRC.
