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It is reported that Korea’s Posco planned to decrease export prices by US$10~US$20/ton for cold rolled coil to China for May shipments compared with contracted prices for the previous month. However, the company has not public the office price yet at this moment. Meanwhile, there is another trader said the price would expect to remain unchanged for May due to weak demand while rising stocks and flat prices so far. Therefore, most of buyers adopted a wait-and-see attitude in expectation of a further downturn in prices. |