19
Apr
14:11
HRC prices continue to slide in GCC
The Gulf Cooperation Council hot rolled coil market is extremely slow, and prices continue to slide. This week, HRC prices have softened $20-30/tonne, Kallanish notes.
Besides a 25,000t re-rolling [SAE 1006] grade deal concluded last week by a Far Eastern mill at $980/t cfr Abu Dhabi, for June shipment, there has not been any deal heard concluded in the United Arab Emirates. By the end of last week, Indian mills' re-rolling grade offers were heard at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous