Tag: Indian HRC export offers to ME remains stable w-o-w

Indian HRC export offers to the Middle East remained stable w-o-w, ranging $630-635/t CFR. Moreover, Chinese prices were range-bound hovering at $600-610/t CFR UAE. However, SHFE HRC futures declined to RMB 3,916/t ($544/t) on 20 Feb’24 against RMB 3,978/t ($553/t) before Lunar New Year holidays. Furthermore, Vietnamese HRC offers inched down, ranging $630-635/t CFR UAE.