05
Mar
12:49
Local HRC slips in GCC
The Gulf Cooperation Council's only flat steel producer, the Saudi mill, has cut its domestic 3mm base grade hot rolled coil price from the previous month by $15/tonne to $745/t delivered in the country for May rolling. Meanwhile, ex-China HRC offers fell by $10/t on week, notes Kallanish.
Towards the end of last week, a stockist booked ex-China tier-two mixed sizes of 3.5-12mm thick Q235 grade HRC for 3,500 tonnes at an average price of $572/t, for early-Apri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous