22
Nov
14:49
GCC HRC buyers prepare enquiries amid low inventories
With minor exceptions, almost all hot rolled coil buyers in the Gulf Cooperation Council have very low inventories. They are expected to release their enquiries this week, and a large tonnage of bookings is expected to be concluded next week.
Buyers are eyeing January-shipment material, aiming for minimum stocks at year-end so that they register good cash flow. India’s export duty annulment has come as a relief to tubemaker and re-roller buyers since t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous