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11 Jun

Non-Chinese HRC deal sets benchmark in GCC

The hot rolled coil market in the Gulf Cooperation Council is getting slow ahead of the Eid holiday. Last week, a sizeable enquiry from a re-roller for 25,000 tonnes of various thicknesses and grades (SAE 1006, 1008) resulted in a deal that set a benchmark in the bloc. A Far Eastern major took the order for August shipment at around $573/tonne for SAE 1006 2mm+ thick HRC. Two further enquiries from re-rollers are still open for a combined 20,000-25,000t, notes Kal…
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