Price indications for Chinese-origin HRC (SS400) moved down further by $10/t this week to around $780-790/t CFR Pakistan against $780-800/t CFR last week. Japanese mills were heard offering at around $880/t CFR, down $5/t w-o-w. Market sentiments remain bearish amidst devaluation of PKR against USD and political instability, said a reliable source from Pakistan.
Leave a Reply