China’s HRC (SS400) export offers to Pakistan remained range-bound for the week, with offers hovering around $550/t CFR Karachi. A deal of around 2,000 t has been heard concluded at $547/t CFR Karachi for Jul’24 sales, informed Pakistan-based sources. Moreover, SHFE HRC futures dropped by RMB 19/t ($3/t) w-o-w to RMB 3,776/t ($521/t) against RMB 3,795/t ($523/t) a week ago.
