02
Jan
13:41
Indian HRC deals set benchmark in GCC
Last week's Indian hot rolled coil deals in the Gulf Cooperation Council set a benchmark for buyers.
Pipemakers in Oman and the United Arab Emirates booked a combined tonnage of nearly 27,000-30,000 tonnes of Indian HRC through a trading company at $635-640/tonne base (3mm S235JR) for end-January shipment. The lower margin is for quantities at and above 10,000t, Kallanish learns from market sources.
This week, the bloc's only flat steel producer, the Saud…
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Anonymous
Very good overview of the weekly steel market.
Anonymous