Imported Chinese HRC offers into the UAE have increased by about $35-40/t to $720/t CFR this week. Last offers were at $680-685/t CFR before the Lunar New Year holidays. Indicative offers by Indian mills were higher by $5-10/t w-o-w at $720-730/t. Offers to the UAE are likely to increase in the upcoming weeks amid better global market sentiments, informed sources.
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