25
Apr
15:11
GCC imported HRC prices drop
The Gulf Cooperation Council hot rolled coil market has been dominated by Chinese mills and traders lately. The decline in Chinese futures markets and HRC prices overlapped with the four-five-day Eid holidays in the bloc, which worsened the negative sentiment.
Buyers started the week with news of a drastic price fall and thus decided to wait a while, postponing their June-shipment bookings. This made the market completely silent, Kallanish understa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous