30
Jan
15:54
GCC HRC trade subsides before Chinese New Year
The Gulf Cooperation Council hot rolled coil market is quiet ahead of the Chinese New Year holiday, which starts on 9 February. Hints from Chinese mills and traders of a possible post-holiday price hike have yet to instigate buyers to book, notes Kallanish.
Last week, a GCC pipemaker booked 20,000-21,000 tonnes of HRC priority sizes from the Indian supplier at $635-640/tonne base for February shipment, with the remainder booked from the Chinese tier-one mill at $6…
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Anonymous
Very good overview of the weekly steel market.
Anonymous