Tag: Middle East: Competitive prices and buyer anticipation keep imported HRC prices rangebound

Re-roller books 25,000-t HRCs from Japan SHFE HRC futures climb up by $2/t w-o-w The Middle East’s imported hot-rolled coil (HRC) offers remained largely range-bound w-o-w. This stability in pricing could be attributed to buyers’ expectations of a further downtrend in HRC price tags, fuelled by competitive tendencies between exporters from China, Japan, and Russia.…