Tag: Middle East: Imported HRC offers remains stable amid recent deals

China’s HRC (grades S235 and S275) export offers to the Middle East (ME) remain stable this week at $555-560/t CFR UAE. A deal of around 15,000 tonnes (t) was heard concluded at $555/t CFR UAE for August shipment, informed a ME-based source. “The current market is facing challenges due to increased shipping costs and softening…