25
Oct
15:37
GCC HRC buyers bide their time
Increasing coking coal prices globally are pushing imported hot rolled coil quotes upwards in the Gulf Cooperation Council market; however, buyers' bids at $570-580/tonne cfr make it hard to conclude deals.
This week, the market is silent as buyers have completed November-shipment HRC procurement and are not in a rush for December bookings. Once the hot summer days end in October, business starts to ramp up in the bloc. However, pipemakers are …
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Anonymous
Very good overview of the weekly steel market.
Anonymous