Tag: Pakistan: Chinese HRC offers drop $15/t in recent deal

Export HRC (SS400) offers by China dropped $15/t in a recent deal which was concluded at $665/t CFR Karachi for April delivery, sources informed. Another deal heard was for Chinese HRC (SAE1006) which was concluded at $680/t CFR. Current offers for SS400 grade are at $660-680/t CFR. LC opening issues persist in Pakistan, thereby impacting…