Chinese HRC export offers remain limited this week due to ongoing week-long Chinese New Year Holidays. Last Chinese HRC export offers were heard at USD 495-505/MT,FoB China, whereas Chinese CRC export offers are assessed in the range of at USD 585-590/MT,FoB basis.
Although, Indian importers found it distant to grab Chinese commercial-grade HRC offers owing to higher prices.
However, some market participants reported that few HRC deals from South Korea were heard to be concluded by Indian importers at USD 555/MT, CFR India.
Global HRC Export Offers-
CIS-origin HRC export offers remained consistent this week and are hovering in the range of USD 478-500/MT, FoB Black Sea.
Whereas HRC export offers of India are assessed in the range of USD 510-520/MT, FoB.
However Japanese HRC export offers are heard to be in the range of USD 525-530/FoB Japan.
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