HRC export price indications from India to UAE drop further by $20/t w-o-w

Imported HRC (SAE1006) offers to the UAE dropped further this week by around $10-20/t. “There are no bids lately from the UAE market, showing limited buying interest in the region,” shared trade channel sources.

• India- $880-900/t CFR compared to $890-920/t CFR previously
• China- $880-900/t CFR compared to $890-900/t CFR last week.