11
Jun
14:34
Non-Chinese HRC deal sets benchmark in GCC
The hot rolled coil market in the Gulf Cooperation Council is getting slow ahead of the Eid holiday.
Last week, a sizeable enquiry from a re-roller for 25,000 tonnes of various thicknesses and grades (SAE 1006, 1008) resulted in a deal that set a benchmark in the bloc. A Far Eastern major took the order for August shipment at around $573/tonne for SAE 1006 2mm+ thick HRC. Two further enquiries from re-rollers are still open for a combined 20,000-25,000t, notes Kal…
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