21
Dec
14:27
HRC buying activity slows in GCC
Hot rolled coil buying activity has slowed in the Gulf Cooperation Council, with most buyers covered until end-February shipments, meaning even the Indian major's January-delivery advantage is unlikely to attract much interest.
Meanwhile, the ex-China tier-one mills have increased their prices by $5-10/tonne on-week for February shipments, while tier-two mills have maintained their quotes, notes Kallanish.
Buyers needing multiple sizes to refill mismatched st…
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Anonymous
Very good overview of the weekly steel market.
Anonymous