Chinese HRC export offers to Middle East (ME) dipped by $5-10/t w-o-w to $605-610/t CFR UAE, amid decline in SHFE HRC futures. However, Indian steel mills offers remained range-bound at $630-635/t CFR, fewer deals were heard at similar price levels. “There have been many offers from Vietnam lately,” informed an ME-based source. Furthermore, Vietnamese HRC offers are around $635-645/t CFR UAE.
