15
Oct
06:59
Diverse offers balance MENA HRC market
Egyptian mills have increased hot rolled coil significantly after the energy crunch forced European mills to curb production, removing supply from the market, Kallanish notes.
Last Tuesday, prices for base material were at $950/tonne fob Egypt. Two days later quotes were heard to Saudi Arabia at $1,040/t cfr Jeddah for December delivery. This is because the European market started to pay more, says a market participant. Fob prices are now slightly above $1,000/t, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous