31
Oct
15:04
Imported HRC prices on the rise, GCC
Driven by an increase in ocean freight rates and an improvement in sentiment in China following the announcement of government support, imported hot rolled coil prices from all origins in the GCC have increased by $5-15/tonne on-week, notes Kallanish.
This week, a Chinese tier-one mill offered 1.2mm thick SPHT-1 grade HRC from its ESP line at $625-630/t cfr, while from its regular line, 3mm base was at $590-595/t, for December shipment. Ex-China first-tier mills&#…
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Anonymous
Very good overview of the weekly steel market.
Anonymous