05
May
14:50
Aisha Steel foresees HRC correction amid strong demand
Hot rolled coil prices are at levels seldom seen before and could correct in the near future, says Pakistani cold roller Aisha Steel Mills (ASML). Local demand should remain strong but “abnormally high” prices are concerning market participants who are keeping inventory in check, it adds.
Sales fell 7% on-quarter in the third fiscal quarter through March to 99,396 tonnes, with production down 11% to 97,718t. The rising trend in HRC prices globally cont…
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Anonymous
Very good overview of the weekly steel market.
Anonymous