Tag: Chinese mills turn active in exporting HRC to Middle East

Chinese mills have recently turned active in exporting HRC (SS400) to the Middle East. Reduced domestic market activity due to supply disruption amid COVID-19-induced lockdown has pushed mills to explore export avenues. Current offers stand at around $980/t on CFR basis. Meanwhile, indications from Indian mills for HRC (SAE1006) are being heard at around $1,100-1,110/t…