Tag: Middle East: Imported HRC offers drop w-o-w amid recent deal

Chinese HRC export prices (grades S235 and S275) to the Middle East fell by $10/t w-o-w to $490/t CFR UAE amid a recent deal, down from $500/t CFR UAE. The deal, of around 14,000-16,000 t, was heard to have been concluded at $481-485/t CFR UAE. Meanwhile, Chinese SHFE HRC futures exhibited volatility throughout the week.