15
Mar
14:50
Competitive Chinese offers dominate GCC HRC market
Chinese-origin product offers through traders are dominating the Gulf Cooperation Council hot rolled coil market, amid the absence of Indian and Taiwanese supply, which is expected to return in around 20 days.
Russia’s invasion of Ukraine is building up a big supply vacuum in the European HRC market, and Indian, Japanese and Taiwanese mills are therefore attracted by the resulting transactions to be had at lucrative prices, Kallanish notes.
“We are co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous