18
Jul
14:17
GCC buyers receive limited-origin HRC offers
Hot rolled coil buyers in the Gulf Cooperation Council are receiving offers from limited origins. Almost all traders have turned their supply chain to China, while Indian and Japanese majors are out of the market.
Last week, the Saudi mill bagged a large-quantity contract with United Arab Emirates-based mills. Last Thursday, Chinese HRC mills tried to increase their quotes even before previous offers lost validity, but buy-side sources found alternatives, notes&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous