Chinese HRC (S235 and S275) export offers to the ME remain rangebound w-o-w, with current offers hovering around $525-530/t CFR UAE. SHFE HRC futures prices increased by RMB 43/t ($6/t) d-o-d to RMB 3,596/t ($506/t), while on w-o-w basis the same remained range-bound. Indian HRC export prices to the Middle East remained stable at $560/t CFR, as per sources.
Leave a Reply