20
Dec
12:01
Europe diverts HRC suppliers’ attention away from GCC
The Gulf Cooperation Council hot rolled coil market is observing price improvement amid a lack of HRC allocation from Japanese and South Korean mills for February shipments.
Including Indian mills, major HRC suppliers to the GCC have shifted their focus to Europe to secure better margins. However, an Australian mill, which previously sold two cargoes in the region for October and November delivery respectively, has allocated 25,000-30,000 tonnes of HRC to the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous