SteelMint

Tag: Middle East: Imported HRC offers remains rangebound w-o-w amid competitive offers

  • Chinese: HRC offers to ME range-bound w-o-w in muted trade

    Chinese: HRC offers to ME range-bound w-o-w in muted trade

    —

    by

    Snehal Govardhan
    in

    China’s hot-rolled coil (HRC) (grades S235 and S275) export offers to the Middle East (ME) remained range-bound w-o-w with offers hovering at $490-500/t CFR UAE. Despite the stability in offers, trading in Chinese HRCs in the ME remain limited, suggesting weak demand. China’s Shanghai Futures Exchange (SHFE) HRC futures rose by RMB 45/t ($6/t) d-o-d…