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26 Sep

GCC HRC market feels squeeze in demand, sales

Gulf Cooperation Council coil processors buying hot rolled coil feedstock are feeling the pinch in their export sales and demand prospects. High interest rates are making them very cautious and reluctant to build up HRC inventories. Ahead of China's Golden Week holiday, which begins on Friday, HRC buyers are not in a rush to book, relying on the assumption that post-holiday Chinese HRC prices will not improve from today's levels, notes Kallanish. This wee…
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Burak Odabasi  |  Turkey
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