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30 May

GCC HRC market awaits large-volume-enquiry deal price

The Gulf Cooperation Council hot rolled coil market has fallen into silence this week after numerous deals concluded in the last two weeks. The bloc's largest re-roller floated a multiple re-rolling grades HRC buying enquiry for 25,000 tonnes on Tuesday, for which the buyer is targeting 2mm SAE 1006 grade at $580/tonne cfr for end-July shipment, Kallanish learns. This week, tier-one mills’ 2mm SAE 1006 grade HRC quotes are at $590/t for end-J…
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