22
Feb
13:22
GCC HRC prices seen unsustainable, market expects correction
In the Gulf Cooperation Council hot rolled coil market, prices are unchanged since last week, with end users resisting finished flat steel prices. Mills are struggling to justify to their customers a 20% increase in HRC quotes over five weeks from $760/tonne to $910/t cfr GCC, Kallanish notes.
“We are having big difficulties in selling our galvanized products to our clients when we reflect the price surge. This hike in prices started from the third week of J…
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Anonymous
Very good overview of the weekly steel market.
Anonymous