14
Mar
15:37
HRC prices, market remain stable in GCC
The Gulf Cooperation Council hot rolled coil market is quiet this week. A few tube makers in Saudi Arabia and United Arab Emirates released enquiries each for 2,000-5,000-tonne lots. The prices vary between $720-760/tonne cfr GCC ports for end-April/May shipment, Kallanish observes.
Last week, a re-roller booked 10,000t of May-shipment 2mm+ SAE 1006 and SAE 1008 (re-rolling) grades HRC through a trading company from a Japanese major at $730/t cfr Jebel Ali ag…
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Anonymous
Very good overview of the weekly steel market.
Anonymous