Buyers were still reluctant to book large tonnages because of the weak end-user demand, they said.
Offer prices for hot-rolled coil (HRC) from Japan were heard in the UAE at $450-460 per tonne cfr this week. Two buyers were bidding $415-420 per tonne cfr.
India-origin HRC was on offer to the UAE at $430 per tonne cfr.
Fastmarkets’ weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE,...