17
May
15:18
GCC HRC buyers wait and watch falling prices
The Gulf Cooperation Council's hot rolled coil market is sluggish this week. Buyers are patiently observing the price decline with little appetite for purchases. Indian, Japanese, Taiwanese and South Korean mills are resisting further price declines but cannot pedal against the downward trend, market participants tell Kallanish.
Towards the end of last week, re-rolling grade [SAE 1006] 2mm thickness non-Chinese HRC price offers were heard at $880-910/tonn…
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