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27 Dec
13:34

Chinese HRC rises in GCC market

The Gulf Cooperation Council hot rolled coil market observed a price increase by $10/tonne on-week for Chinese material, whereas Indian, Japanese, and Taiwanese prices are unchanged at around $650-670/t cfr GCC ports. Chinese 2mm base grade or re-rolling grade HRC increased to $645-650/t cfr GCC ports for mid-February shipment, whereas Vietnamese 2mm+ re-rolling grade (SAE 1006) is the most competitive at $640/t cfr GCC ports for February shipment, Kallanish…
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