Tag: Pakistan: Imported Chinese HRC offers decline by $10/t w-o-w on slow demand

Imported Chinese HRC offers dropped marginally by $5-10/t w-o-w to $555-560/t CFR Karachi. Buying interest is low at present, amid weakening Chinese HRC futures and currency exchange rate fluctuations, sources informed. Last heard quotes for HRC (SAE1006) from South Korean mills were around $580/t CFR and those from Taiwanese mills at $600/t CFR.