Tag: Pakistan: Imported HRC offers from China spike $35/t post CNY holidays

Imported HRC offers from China are heard at around $870-875/t CFR Pakistan this week. Offers were around $835-840/t CFR prior to the Chinese Lunar New Year holidays. The rally in HRC futures coupled with an increase in domestic prices lent support to China’s export offers. Offers from other regions: Indonesia: $860/t CFR Taiwan: $890/t CFR…