07
Jun
14:25
Chinese HRC upticks, Indian slides in GCC market
Hot rolled coil prices in the Gulf Cooperation Council confuse sector participants as Chinese mills test the market with a weekly $10-30/tonne increase. In contrast, Indian mills decreased their boron-added HRC by 25-30/t on-week, Kallanish observes.
In Saudi Arabia, Ex-China 1.2mm SPHT-1 grade HRC price offer went up $10-15/t on-week to $890-900/t cfr Dammam and $920/t cfr Jeddah whereas 3mm pipemaking grade HRC offer went to $840/t cfr Dammam, an incre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous