21
May
14:24
GCC HRC market falls silent
The hot rolled coil market in the Gulf Cooperation Council has fallen silent as most buyers have enough stocks in the United Arab Emirates. In contrast, Saudi buyers are holding minimum stocks and prefer small-volume bookings, mainly from the local producer, resulting in limited enquiries being floated in the market, notes Kallanish.
Last week, an enquiry from a tube maker translated into a deal through a trading house from a tier-one ex-China supplier for thickne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous