13
Jun
14:32
GCC HRC fundamentals remain unchanged despite China uptick
Gulf Cooperation Council imported hot rolled coil prices are more or less unchanged from last week. Despite the upward trend in China, fundamentals are yet to improve, Kallanish notes.
Last week, a tube maker booked a Chinese tier-one mill’s 8,000-10,000-tonne composite cargo of silicon-controlled 1.8-7.4mm thickness S235JR and S275JR grades effective at around $585/tonne cfr Sohar for mid-July shipment. Late last week and this week, an Indian major, th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous