21
Nov
12:46
GCC imported HRC prices rise amid limited allocation
The traditional suppliers of hot rolled coil to the Gulf Cooperation Council, Chinese, Taiwanese and Japanese mills, have reduced allocations to take advantage of the uptrend. India has been out of the market for over six months, enjoying domestic market activity with better margins, notes Kallanish.
Chinese local currency appreciation against the dollar and oil price increase anticipation due to OPEC's production cut agreement have further pushed up HRC price…
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Anonymous
Very good overview of the weekly steel market.
Anonymous