28
Nov
13:31
Chinese HRC cements dominance in GCC
Hot rolled coil buyers in the Gulf Cooperation Council have received uncompetitive non-China-origin offers in the absence of Japanese and South Korean mills, which is cementing Chinese supply dominance in the bloc.
Coil processors, who must certify non-Chinese substrate for use in exports, are therefore forced to increase their target prices. In the thin gauge segment (0.9-1.2mm SPHT-1 grade), China’s Shougang and Taihang, with a price advantage of $15…
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Anonymous
Very good overview of the weekly steel market.
Anonymous