07
Mar
14:07
Chinese mills hike HRC offers in GCC
Hot rolled coil buyers in the Gulf Cooperation Council are receiving contradicting price offers. A Japanese major reduced its initial HRC quote to $725/tonne cfr GCC from its target price of $740/t cfr, but Chinese mills hiked their price offers $35-40/t on-week, Kallanish notes.
Last week, a buyer concluded a deal from two mills in different Far Eastern countries for a combined 25,000 tonnes of re-rolling grade (SAE 1006) multiple thicknesses HRC, at an aver…
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Anonymous
Very good overview of the weekly steel market.
Anonymous