07
Dec
09:14
MENA HRC softens, Far East mill concludes deals
In Saudi Arabia and United Arab Emirates, hot rolled coil prices have softened $25-35/tonne on-week to $835-845/t cfr, from $860-870/t cfr, Kallanish notes.
Over last weekend, two HRC (2mm+ SAE 1006 re-rolling grade) deals were concluded for a 25,000-tonne cargo at $835/t cfr UAE and for 15,000t of mixed sizes at an average price of $845/t cfr Dammam. These were for end-February delivery. A leading Far Eastern mill concluded the deals with leading local galvanizer…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous