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06 Dec
11:58

GCC imported HRC prices hike, local offers fall

The Gulf Cooperation Council hot rolled coil market is observing an increase in prices of imported material for January and February shipments. However, the sole HRC producer in the bloc, the Saudi mill, has brought down its February-rolling prices by nearly $10-15/tonne on-month, Kallanish notes.  The Saudi mill announced on Monday its February-rolling base-grade HRC quote, after a $12/t decrease on January deliveries, at $693/t for 3mm thickn…
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