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17 Aug
11:17

GCC HRC markets observe increasing demand

Gulf Cooperation Council hot rolled coil markets have been dominated by deals concluded by Indian mills for late-August and September shipments in the last ten days. Last week, Indian mills concluded substantial volumes of SPHT-2 and SS400 grades boron-added HRC at $620-625/tonne cfr GCC, mainly to pipemakers. One major Indian mill has however not been in the market for almost a month, due to low sales prices, which are below its cost levels, Kallan…
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