08
Feb
13:22
GCC HRC transactions pause on soaring prices
Gulf Cooperation Council hot rolled coil import prices have surged again this week, while Saudi Arabia’s Hadeed is offering comparatively competitive prices but only very limited tonnages. Amid the soaring prices, no transactions have been heard since the beginning of last week, Kallanish notes.
“Due to the drastic price hike since last week, we heard no transactions. The last transaction we heard was a pipemaker’s deal [early last week…
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Anonymous
Very good overview of the weekly steel market.
Anonymous