19
Oct
13:33
MENA HRC buying becalms despite strong downstream orders
The hot rolled coil market is strong and promising in United Arab Emirates, sources tell Kallanish.
Re-rollers are booked until the end of the year, with some even extending to the end of the first quarter next year. Most have sufficient HRC inventory already to fulfil existing orders.
UAE re-rollers procure some 100,000 tonnes/month of HRC. If they purchase excess tonnages this month, they will procure less the following month to average out the volume.
Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous