21
Dec
14:10
GCC HRC imports remain bearish amid low demand
Hot rolled coil import offers into the Gulf Cooperation Council are at $800-830/tonne cfr Jebel Ali or Dammam; however, for firm bids, prices are at $780-795/t cfr. This is for 2mm+ SAE 1006 re-rolling grade for February shipment, Kallanish notes.
Taiwanese, Indian, Japanese, Korean, and Brazilian mills are competing to catch orders. However, buyers are reluctant amid the bearish market.
“A major Chinese mill has set its price far from market…
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Anonymous
Very good overview of the weekly steel market.
Anonymous