Latin America has suspended sending HRC inquiries to Japanese furnace mills recently due to weak demand.
Mexico mainly sold the HRC to America before, but they have shifted the focus to Latin America because of America financial problem.
Mexico, Venezuela and Russia have started the price war of HRC to Latin America currently, their offers are even lower than C&F US$400/ton and may decrease further because many users have postponed purchasing due to sluggish domestic market. Source: Yieh.com