26
Mar
13:51
GCC HRC wait and see as prices drop
Gulf Cooperation Council market imported hot rolled coil offers have fallen from India for April delivery, and from Japan and Taiwan for end-May/June shipment to and below $600-610/tonne cfr for re-rolling and tube grades.
In a strategic move, buyers have adopted a wait-and-see policy, fully aware of the downward trend, adjusting their target prices to $570-575/t cfr Jebel Ali or Dammam, as noted by Kallanish.
This week in the bloc, through a trading company, ex…
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Anonymous
Very good overview of the weekly steel market.
Anonymous