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Recently, China's export quotes of hot rolled coil (HRC) have continued to drop.South Korean steel traders indicated that the low-price HRC and heavy plate have spread into South Korean market. It's known that China offered the HRC quotes at US$640/ton CFR to South Korea; however, South Korean traders bid US$600/ton CFR for Chinese HRC.Industry sources indicated that the current price dip of Chinese steel products in domestic and export market will affect South Korean steel market.