SteelMint

Tag: Imported HRC offers to UAE from China

  • UAE: Bid-offer disparities weigh on imported HRC demand

    UAE: Bid-offer disparities weigh on imported HRC demand

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    by

    Kalpesh Padhiar
    in

    Imported HRC (SAE1006) offers to the UAE from India continued to hover in the range of $705-710/t CFR basis, unchanged w-o-w. However, buying interest remains low among re-rollers in UAE. Decent inventories and drop in Chinese futures have dampened demand for imported HRC. There were sporadic bids from buyers around $700/t CFR, SteelMint learnt from…