Chinese HRC offers to UAE

Wednesday, 06 May 2015 16:54:05 (GMT+3)   |   Istanbul
Market sources state that demand for hot rolled coil (HRC) is weak in the UAE market, while Chinese HRC offers to the country have remained stable over two weeks and are currently at $400-410/mt CFR for June production. Market players state that Chinese HRC offers are expected to move upwards in the coming days amid increasing iron ore prices.

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