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Reportedly, the prices of hot rolled coil (HRC) have continued to drop in Chinese domestic market on Monday due to the concerns on the US credit rating by Standard & Poor's.It's known that the October HRC contract prices at Shanghai Steel Exchange Center decreased by another RMB12/ton on Monday after the drop of RMB77/ton on last Friday.In addition, the HRC inventory in Shanghai increased by 20,000 tons over the past one week to reach 1.52 million tons as the buying from the end users remained slack