09
May
14:17
Far Eastern HRC prices surface, secure GCC sales
Hot rolled coil buyers in the Gulf Cooperation Council have concluded deals after re-rolling and tube-making grade cfr GCC prices settled at $625-635/tonne for July and $640/t for June shipments, Kallanish notes.
An Indian major is still targeting $15-20/t more than the market price for June deliveries, given its short lead time advantage, with the sea voyage lasting only 3-5 days.
At the end of last week, ex-India tube-making grade (S235JR) HRC sales were …
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Anonymous
Very good overview of the weekly steel market.
Anonymous