04
Jan
12:48
GCC HRC activity awaits new year resumption
Gulf Cooperation Council hot rolled coil market activity is very low since traders and mill officials are yet to return full steam in the new year. Stock counting and year-end reporting is taking up most of the time of those who are back from holiday, notes Kallanish.
The region’s sole flat steelmaker released its March-rolling HRC prices, which are not attracting buyers as they are uncompetitive. Re-rolling SAE 1006 grade HRC of 2-3mm thickness is reported …
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Anonymous
Very good overview of the weekly steel market.
Anonymous