Hot rolled coil (HRC) suppliers in Pakistan have continued to increase their offers on the heels of the global trend. Moreover, some of them have already succeeded in achieving higher numbers in deals.
Accordingly, SteelOrbis has learned of recent bookings of a total of 15,000 mt ex-Japan hot rolled coil (HRC) to Pakistani customers at around $560-565/mt CFR. The material is for October shipments. The most recent deal was fixed for Taiwanese HRC at the lower end of the abovementioned range. According to market insiders, very few HRC offers are currently below $565/mt CFR.