Imported HRC offers to Pakistan have dropped to a nine-month low, with prices recently declining by $10/t, w-o-w.
Offers:
1. China HRC (SS400) stands at $815-820/t CFR. Offers were around $848/t CFR in early Mar’21.
2. Indication from South Korea is at $900/t CFR/
Buyers have become concerned about the market as Chinese HRC offers have fallen for seven weeks in a row.
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