01
Mar
14:14
GCC awaits HRC offers, Hadeed releases May quotes
Gulf Cooperation Council hot rolled coil market activity has fallen silent due to the lack of import offers amid uncertainty over Russia’s invasion of Ukraine. Nevertheless, Saudi Arabia’s Hadeed has released May-rolling HRC quotes for the domestic market and exports to United Arab Emirates and Oman, Kallanish notes.
Hadeed is quoting 2mm+ thickness SPHC and SAE 1006 re-rolling grade HRC at $920-930/tonne cpt for clients in UAE and Oman. For the domest…
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Anonymous
Very good overview of the weekly steel market.
Anonymous