Imported Chinese HRC offers to the UAE stood unchanged at around $610-620/t CFR this week. Meanwhile, bids were heard at around $590-600/t CFR amid inflationary concerns and a recent decline in global HRC prices.
The festive mood in India kept mills away from quoting any firm offers this week. However, indications dropped to $620-630/t CFR towards last weekend from $630-640/t CFR, sources informed.
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