Imported HRC (SS400) offers from China dropped by $5-10/t to $510-520/t CFR Karachi from the previous week’s $520-525/t CFR. Some Chinese HRC cargoes were booked at $510/t CFR. From Japan, 20,000 t of HRCs were booked at $550/t CFR for mid-December shipment, but cannot be confirmed till the time of publishing. Offers from South Korea were heard at around $560/t CFR.
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