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Tag: UAE: Imported HRC offers from China drop $50/t w-o-w

  • UAE: Imported HRC offers from China drop $50/t w-o-w

    UAE: Imported HRC offers from China drop $50/t w-o-w

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    by

    Kalpesh Padhiar
    in

    Imported HRC (SAE1006) offers to the UAE from China dropped $50/t w-o-w. Buying sentiments were weak for Chinese-origin HRCs. Indicative offers were heard around $830/t CFR as against $880/t CFR a week ago. Buyers are inquiring cautiously about Indian HRCs and are seeking more clartity on the recently-introduced export duty, SteelMint learnt from sources.