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23 Jan
13:30

GCC HRC market pulse remains subdued

Prices for imported hot rolled coil in the Gulf Cooperation Council have been stable, with few bookings sealed last week. Market activity could be more exciting for suppliers. Most buyers are covered until the end of March, with limited enquiries coming in for specific-sized material that is in demand, notes Kallanish. One galvaniser booked ex-China 0.35mm+ cold rolled full hard (CRFH) for a 4,000-tonne package at $621-622/tonne for March loading. Another re-rolle…
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