16
Nov
14:45
MENA HRC prices inch down, buyers wait
In the Middle East and North Africa, Chinese hot rolled coil offers have pushed down regional prices, making buyers hesitant to place orders. Buyers want to digest and understand the ongoing downward direction in order to estimate when prices will bottom, Kallanish notes.
In United Arab Emirates last Thursday, a major re-roller concluded a re-rolling grade 2mm+ SAE 1006 grade HRC deal after splitting the quantity into two. A small volume for December delivery from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous