07
May
14:11
GCC imported HRC rises on increased sea freight
Far East-origin hot rolled coil offers in the Gulf Cooperation Council are trending up $5-10/tonne on-week. Ocean freight rates have risen $8-10/t in the last two weeks in the absence of Indian mills, notes Kallanish.
The following prices are based on cfr Jebel Ali or Dammam ports. For shipments to Jeddah, an additional $8/t is added to quotes.
This week in the bloc, the top-tier ex-China mill has increased its initial offer for 2mm SAE 1006 grade to $600/t from …
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Anonymous
Very good overview of the weekly steel market.
Anonymous