03
Oct
16:10
GCC buyers postpone HRC enquiries until China return
Gulf Cooperation Council hot rolled coil buyers have been silenced, freezing their enquiries or, in desperation, minimising their volumes this week during the absence of Chinese and Indian offers, notes Kallanish.
Buyers are waiting for the Chinese Golden Week holiday to be over and for Chinese supply to emerge from next Monday. In the meantime, one buyer received a 1.2mm SPHT-1 grade offer at $600/tonne cfr GCC from a Chinese trading company for N…
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Anonymous
Very good overview of the weekly steel market.
Anonymous