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Currently, the Korean steelmakers Posoc and Hyundai Steel have both cut its export prices of hot rolled coils (HRC) to US$560/ton FOB from US$570~US$580/ton FOB in September, affected by decreased HRC export prices offered by Chinese steelmakers.It's known that China's HRC export prices to Korea decreased to US$530/ton FOB recently, and the prices to Southeast Asia dropped to US$520/ton FOB.