07
Feb
15:30
GCC market observes Chinese HRC price softening
The Gulf Cooperation Council hot rolled coil market is seeing sliding prices, particularly of Chinese origin, due to low domestic demand in China. This is compelling sellers to focus on export markets and soften their prices to induce buying interest.
Indian mills are refraining from offering prices to their regular customers in the GCC. This week, HRC prices have decreased by $10-15/tonne on-week, notes Kallanish.
On 29 January, a re-rolling grade (SAE 1006) HR…
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Anonymous
Very good overview of the weekly steel market.
Anonymous