25
Jul
14:35
Saudi supplier spurs GCC HRC buyer interest
Gulf Cooperation Council hot rolled coil buyers are finding the region’s sole supplier's offer more workable against hiked imported offers.
Since the last two weeks, the Saudi mill has been active in the market and concluded deals with two major re-rollers in United Arab Emirates. These were for September-delivery SAE 1006 grade 2mm+ thickness at an average effective price of $610/tonne delivered for a 20,000-tonne parcel and $616/t delivered for 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous