<span class="wntoptext031"><span>As the prices of scrap and iron ore have continued soaring in global market; furthermore, the short material in steel mills, the slab prices have hiked as well.</span></span><span><br> <span class="wntoptext031"><span>It’s known that the latest quotes of slab in global market are at US$680/ton C&F; accordingly, the production costs of hot rolled coil would be pushed up to US$740/ton in comparison of US$700/ton of expectation.</span></span><br> <span class="wntoptext031"><span>Traders indicated that as the steel mills still have sufficient inventory of slab on hand, they are still considering accepting the new high prices of slab.</span></span><br> Source: <a href="http://www.yieh.com/"><span><u><font size="3" face="Times New Roman">www.Yieh.com</font></u></span></a> </span>