23
Mar
13:26
Demand for Chinese HRC lifts prices in GCC
In the Gulf Cooperation Council hot rolled coil market, Chinese mills have raised their price offers for 2mm+ thickness re-rolling grade (SAE 1006) HRC by $10-15/tonne on-week.
Quotes are now at $1,015-1,020/t cfr GCC for May rolling, boosted by high demand amid the absence of competitive offers from other countries, Kallanish understands.
Last week, a deal was concluded for SAE 1006 HRC for 20,000 tonnes of multiple thicknesses all above 2mm at an average price …
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Anonymous
Very good overview of the weekly steel market.
Anonymous