Tag: China: Imported HRC offers to Pakistan drop by $5/t on weak buying sentiment

Imported HRC offers to Pakistan inched down $5/t w-o-w, weighed down by weakening market sentiments. Current week offers for Chinese origin HRC (SS400) stand at around $890-900/t CFR, which was $900/t a week ago. Factors like Ramadan, higher prices, challenges in opening Line of Credits (LC) and political instability weighed on buying sentiments, sources informed…