Tag: UAE: Imported Chinese HRC offers rise by up to $20/t w-o-w

Imported Chinese HRC offers into the UAE rose by up to $10-20/t w-o-w to $710-730/t CFR this week from $710/t CFR last week. Indian mills are currently quoting $750-760/t CFR against $744/t CFR last week, informed reliable sources. Rising Chinese offers have pushed Indian mills to raise offers for the UAE market.