20
Jun
16:02
GCC HRC buyers resist price hike
The Gulf Cooperation Council's hot rolled coil market was dominated by Chinese suppliers in May and stockists have stock-piled large quantities of Chinese material. Imported HRC prices have increased by $10-12/tonne on-week, but buyers are resisting the increase.
Buyers believe price hike attempts will not sustain on the back of the Indian domestic market slowing down during the monsoon season, while a rebound in the Chinese domestic market is unlikely immedia…
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Anonymous
Very good overview of the weekly steel market.
Anonymous