11
Apr
14:30
GCC HRC market falls silent
The Gulf Cooperation Council hot rolled coil market has fallen silent after Chinese futures and HRC offers dropped since last Thursday, Kallanish notes.
This week, the Chinese tier-one mill's initial offer for 1.8mm+ thickness SS400 grade HRC was heard at $685/tonne cfr Sohar, and 1.2mm SPHT-1 grade at $720/t cfr Jebel Ali and Dammam. Both are for end-May/June shipment, payable by LC at sight.
Last week, sellers – traders and mills – issued t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous