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05 Dec

Chinese suppliers dominate GCC HRC market, prices stable

Imported hot rolled coil prices, mainly from China, are stable on-week in the Gulf Cooperation Council. The region's sole producer, the Saudi mill, has meanwhile announced a $20/tonne increase in its February-rolling domestic HRC price over January to $740/t delivered in the country for 3mm SPHC grade, notes Kallanish. Tube makers in United Arab Emirates have issued HRC purchase enquiries for a combined almost 20,000 tonnes. A few Chinese mills are expected to…
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