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09 Jul

Japan's JFE eyes HRC deals in the GCC

Japan's JFE is eyeing hot rolled coil deals for September load readiness in the Gulf Cooperation Council, coinciding with Nippon Steel's maintenance shutdown at one of its plants in Japan in September, limiting September-loading supply. Given the lack of global demand, JFE's entry is seen by industry participants as opportunistic and temporary. Through a trading company, JFE has issued its initial price for commercial (SPHT and SAE 1006) grades 2mm HRC…
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