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It's reported that the global steel mills are expected to soon negotiate the prices of hot rolled coils (HRC) for December 2012 shipment with customers located in Latin American and Middle East.It's learned that the HRC prices fell by US$50~US$60/ton in September and October 2012 shipment. Meanwhile, the Japanese mills also seem not to have commenced negotiations yet. At the same time, the Russian mills do not make the offer yet. Customers are still keeping a wait and see attitude as there are no offers from Chinese mills.