06
Sep
13:27
EU energy woes seen lifting GCC HRC market
The Gulf Cooperation Council hot rolled coil market is quiet, with not much action expected to happen until mid-September. Gas shortages and consequent idling at steelmakers in Europe are creating expectations among GCC sector participants of price increases driven by growing European demand for finished products and semis, Kallanish notes.
During the last two weeks, short-term demand was satisfied by the Japanese mill's large-tonnage sales of S235JR …
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Anonymous
Very good overview of the weekly steel market.
Anonymous