26
Apr
15:51
GCC HRC market subdued, anticipates price softening
The Gulf Cooperation Council hot rolled coil market is very quiet, with almost no enquiries heard released this week. One enquiry released last week was withdrawn by the buyer due to expectations of a price drop, Kallanish notes.
A Taiwanese mill was heard to have concluded mid-last week a re-rolling (SAE 1006) grade HRC deal for 7,000 tonnes at $950/tonne cfr GCC. Another Far Eastern mill meanwhile concluded at $960-965/t cfr GCC for 10,000t of sam…
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Anonymous
Very good overview of the weekly steel market.
Anonymous