10
Oct
15:39
GCC HRC buyers lower bids after China return
Hot rolled coil buyers in the Gulf Cooperation Council have lowered their bids to $10-15/tonne below Chinese offers. They have been cautiously monitoring the price decline in China that began earlier this week right after the week-long Golden Week holiday.
Ex-China first-tier silicon control (0.3%) HRC price offers are pegging at $575-585/t cfr Jebel Ali through major Chinese trading companies for December shipment, notes Kallanish.
Late last week, the region'…
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Anonymous
Very good overview of the weekly steel market.
Anonymous