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12 Apr
14:18

GCC HRC market receives Indian offers, remains quiet

The Gulf Cooperation Council hot rolled coil market has received long-awaited Indian price offers, but Chinese mills are still more competitive following their price decline. A further price decrease is anticipated, Kallanish understands. This week, a pipemaker in Oman has concluded a deal, splitting the ordered quantity between a Chinese mill – larger portion – and an Indian mill – the smaller portion – for 1.8-6.55mm thickn…
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