Recently, China's export quotes of steel flat products to South Korea have continued falling.
Last week, China's export quotes of boron-added hot rolled coils (HRC) to South Korea were at US$530/ton CFR, decreasing by US$10/ton from a week ago.
At the same time, the export quotes of shipbuilding plates to South Korea decreased by US$40/ton from a month earlier to US$590/ton CFR.
Besides, China's rebar exports to South Korea have slid to US$535~US$540/ton CFR last week, decreasing by US$20~US$30/ton from early August, due to dropped iron ore prices and weak demand in Chinese domestic market.