15
Feb
12:34
Large GCC HRC deals drive up prices
In the Gulf Cooperation Council hot rolled coil market, recently concluded deals have set a benchmark and geared up price increases, at least for this week, Kallanish notes.
In United Arab Emirates, a 2mm+ thickness re-rolling (SAE 1006) grade deal was concluded last Friday for 15,000 tonnes at $915/tonne cfr for end-March shipment. Chinese mill Rizhao also sold 1.3mm thickness SHPT1 and SHPC grade HRC at $930-940/t cfr UAE and 1.2mm thick SPHC grade mat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous