TOKYO -- The international price of hot-rolled steel coils, used in the production of motor vehicles and machinery, have fallen to a three-year low, dragged down by the protracted Sino-U. S. trade war and China's economic slowdown.
In East Asia export markets such as Japan, South Korea, Taiwan and China, coils made by Japanese and other manufacturers dropped to around $480 per ton in early November, including costs such as freight. That price was down about 7% from a month earlier. Compared with the highest level this year, reached in the spring, it was down 16%.
