Author: Snehal Govardhan

Chinese hot-rolled coil (HRC) export offers to the Middle East (ME) have declined this week. Offers from the tier-1 mills fell by $20-25/t CFR to $570-575/t CFR, down from $590-600/t CFR last week. In addition, Chinese tier-2 mills also saw a decrease of $10-15/t CFR, with current offers hovering around $560-565/t CFR compared to $570-580/t…