Tag: UAE: Imported HRC offers rise from China and India

Imported HRC offers to UAE from China increased this week to $620-630/t CFR as against $580-590/t CFR a week ago. Meanwhile, Indian steel majors raised their quotes to $640-650/t CFR compared with previous week’s $605-615/t CFR, before withdrawing the same. “Indian mills have limited export allocations amid decent bookings over the past few weeks,” sources…