18
Apr
13:54
GCC HRC prices flatten, post-Eid deal activity expected
Chinese mills' hot rolled coil prices are currently seen flattening in the Gulf Cooperation Council market; however, traders who have position cargoes are offering at $10-20/tonne lower than the mills.
In the last ten days, amid the absence of Indian mill offers in the bloc, buyers booked mainly Chinese HRC. Still, the Japanese major concluded deals for substantial volumes of re-rolling grade and small tonnages of tube-making grades at very comp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous