Middle East: Imported HRC offers from China range-bound w-o-w
Export offers for Chinese hot rolled coil (SAE1006) to the Middle East market, specifically the UAE, stayed steady w-o-w at $605-610/t CFR UAE. Robust demand in the region, fueled by ongoing construction projects, contributed to the stability. Despite a slight decrease in domestic prices, Chinese mills and traders opted not to reduce their export offers for hot rolled coil.