05
Sep
13:47
Chinese HRC gains in GCC, JFE visits clients
In the Gulf Cooperation Council this week, Chinese-origin hot rolled coil quotes have gained $5-10/tonne on-week. Japanese steelmaker JFE’s executives are conducting customer visits in Turkey and plan to arrive in the GCC next week.
In the absence of Indian HRC offers, buyers are resisting Chinese price hikes, knowing that Chinese domestic demand has not improved but that steelmaking raw material prices – coking coal and iron ore – have ris…
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Anonymous
Very good overview of the weekly steel market.
Anonymous