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28 May

GCC HRC buyers receive favourable position cargo offers

Gulf Cooperation Council hot rolled coil buyers are receiving attractive price offers from Chinese trading houses, while some Chinese tier-one mills are attempting to raise prices. Ex-South Korea re-rolling grade (SAE 1006) offers have softened to competitive levels, at and below $600/tonne cfr, for July shipment, Kallanish notes. Last week, through Chinese trading companies, a deal for 0.35mm+ cold-rolled full hard (CRFH) was sealed for a 10,000-tonne parc…
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