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25 Jun
13:40

Ex-China HRC prices slide steadily in GCC

Buyers of hot rolled coil in the Gulf Cooperation Council are seeing prices slide steadily week by week, driven by Chinese suppliers, in the absence of Indian mills’ offers. Following changes to EU quota regulations, which limit supply per country, the Middle East market is expected to see fierce competition between Chinese and non-Chinese suppliers. With the number of oil and gas, water transportation, mega and mid-size projects taking place, and increased …
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