05
Apr
14:38
GCC domestic HRC leaps, import prices soften
Chinese hot rolled coil supply at competitive prices continues to dominate the Gulf Cooperation Council market, with values down $10-20/tonne on-week. However, the region's sole HRC producer, Hadeed, has announced its June-rolling prices up nearly $250/t on May-delivery quotes, Kallanish understands.
This week, May-rolling offers for 2mm+ re-rolling grade SAE 1006 HRC are pegged at $975-985/t from Chinese mills Benxi and Baou Steel, down $10-20/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous