Tag: UAE: Imported HRC price indications from China drop by $50/t w-o-w

Imported Chinese HRC offer indications to the UAE dropped by about $40-50/t to $570/t CFR this week. Meanwhile, Indian mills are silent over quoting offers for the past couple of weeks. Weakening global HRC prices, appreciation of dollar against other currencies are among the prime demand dampeners at present, informed sources. Moreover, no bids were…