Chinese exporters of flat products are trying to minimize their losses before leaving the market for holidays, although stocks aregrowing amid tougher lending conditions. Therefore, having felt buyers’ interest rallying after last-week price decrease, sellersimmediately responded by pushing quotations up. In particular, offers of HRC and plate grew by $15/t and $5-10/t respectively.However, some suppliers have left their prices unchanged being careful not to scare buyers off. Noteworthy, bookings of HRCprevail over plate as demand for the latter is so far absent. For reference, last week, bookings of plate were made mainly by Indianbuyers.
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