In the Gulf Cooperation Council, India-origin hot rolled coil offers have risen $40-80/tonne on-week to $800-840/t cfr GCC for March and April shipments; however, buyers are resisting as they prefer East Asian material, Kallanish notes.
“We hear that Indian mills are booked for February shipments and they already revealed that their base grade HRC quotations for March and April shipments will not be lower than $800/t cfr UAE [United Arab Emirates]; one …
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