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28 Mar
Hot rolled coil buyers in the Gulf Cooperation Council are observing prices softening, mainly for Chinese material. This week, ex-China 2mm thickness SS400, Q235, S235JR and SAE 1006 grade HRC prices are pegging at $670-700/tonne cfr GCC ports for end-May/June shipment. The higher end of the range is being indicated by Chinese tier-one mills, while the lower end is tier-two mills, Kallanish notes. Tube makers have received ex-China offers for 1.2mm…
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