01
Nov
14:48
Chinese HRC suppliers step up GCC market activity
Chinese hot rolled coil suppliers are becoming more active in the Gulf Cooperation Council amid falling prices and sluggish markets. HRC prices have fallen $5-35/tonne on-week, depending on the customer, quantity and shipment time, Kallanish notes.
This week, South Korean material sold for limited quantities of 3,000-4,000 tonnes to fill a vessel at $540-550/t cfr Jebel Ali Port for December shipment. Re-rolling grade (SAE 1006) same-origin material is offere…
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Anonymous
Very good overview of the weekly steel market.
Anonymous