14
Apr
13:43
GCC imported HRC prices plunge
Gulf Cooperation Council hot rolled coil import prices have plunged. After an extended period of keeping prices elevated, Indian, Taiwanese and Japanese mills' offers have surprised sector participants with $50-120/tonne decreases on mills’ previous target prices, Kallanish notes.
In United Arab Emirates, an enquiry for 25,000 tonnes of re-rolling grade (SAE 1006) HRC was converted into a sale at $980/t cfr UAE for June shipment. A leading Far Easte…
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Anonymous
Very good overview of the weekly steel market.
Anonymous