Tag: Pakistan: Imported Chinese HRC offers rise by $10/t w-o-w

Chinese-origin HRC (SS400) offers to Pakistan remain range bound at $590-600/t CFR. Limited buying interest from Pakistan buyers and the devaluation of RMB against USD have weighed on offers. Political instability is also hampering steel demand from the construction sector, informed reliable sources. Offers from Japan and Taiwan are heard at around $620/t CFR.