SteelOrbis has been informed that hot rolled coil (
HRC) offers to the
UAE steel market are standing at the level of $650/mt CFR, whereas Indian origin
HRC offers to the same market are heard to be standing at $670/mt CFR. Buyers, reporting that ex-
China HRC offers have this week registered increases, are not expecting too much activity in the market this week but foresee a rise in activity after the end-of-Ramadan holiday.