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23 Jul
14:00

GCC pipemakers observe ex-China HRC price slide

Pipe manufacturers in the Gulf Cooperation Council note pipemaking grade hot rolled coil offers from China for late-August and September shipment have dropped $7-10/tonne on-week. Re-rolling grade HRC for September shipment from China and October shipments from Japan and Taiwan remains flat on-week, Kallanish understands. Two weeks ago, a re-roller in the block placed an order for 25,000 tonnes of re-rolling grade HRC from the Japanese major. The order includes so…
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