Tag: Middle East: Imported HRC offers from China decline w-o-w

The Middle East steel market witnessed a significant decline in imported hot-rolled coil (HRC) offers from China, leading to pricing pressure for other exporters. Prices dropped by $10-15/tonne (t) w-o-w to $500-505/t CFR UAE from $515-520/t CFR UAE last week. This decline in prices can be attributed to slow trade activities in the region. Additionally,…