Tag: Pakistan: HRC import offers from China fall w-o-w

Chinese export offers for HRC (SS400) have dropped by $5/t w-o-w to $545-550/t CFR Karachi, against $550-555/t last week. This decline in export offers from China can be attributed to both weaker overall demand and a downward trend in steel futures contracts. However, recovery in Chinese steel futures seen this week may support HRC import…