Tag: Middle East: Imported HRC prices fall amid sluggish demand

Chinese HRC export offers to the Middle East fell by $5-10/t w-o-w to $570-575/t against $580-585/t. However, no deals was heard concluded amid sluggish demand and decline in SHFE futures. SHFE HRC futures fell by RMB 92/t ($13/t) w-o-w to RMB 3,795/t ($524/t) against RMB 3,887/t ($537/t) in the previous week.