20
Aug
14:44
GCC HRC buyers put orders on hold
First-tier hot rolled coil suppliers from the Far East, including China, largely maintained their prices in the Gulf Cooperation Council on Tuesday despite Chinese futures gaining nearly 2% or almost $10/tonne during the day. HRC buyers have adopted a wait-and-see policy since prices fell drastically starting last Wednesday, Kallanish notes.
Last week, one GCC re-roller postponed its 25,000-tonne enquiry, which was released two weeks ago, by almost two to three we…
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Anonymous
Very good overview of the weekly steel market.
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