17
Sep
09:03
GCC HRC import deals conclude lower as anticipated
United Arab Emirates hot rolled coil buyers’ wait-and-see policy prompted Indian mills to compromise on offer prices in the middle of last week, Kallanish notes.
An Indian-origin cargo for 15,000 tonnes of 2mm+ SAE 1006 grade HRC was heard concluded at $955-$957/tonne cfr UAE.
Another UAE company concluded a deal for a few thousand tonnes of CRFH (cold rolled full hard) of various thicknesses at $1,010/t cfr Jebel Ali for October delivery. Indian mills cont…
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Anonymous
Very good overview of the weekly steel market.
Anonymous