18
Jan
14:15
GCC imported HRC prices seen increasing
Gulf Cooperation Council hot rolled coil import prices are anticipated to hike for February and early-March shipments. This week’s initial price offers are at $760-770/tonne cfr GCC, up $5-10/t on-week, and prices from Indian mills are expected to level at $780-790/t cfr, Kallanish notes.
“Although a Far Eastern mill’s HRC offer is $15-20/t lower [than current Indian quotes], late shipment is the biggest issue. Short lead times shape the con…
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Anonymous
Very good overview of the weekly steel market.
Anonymous