07
Sep
14:59
MENA HRC buyers resist quotes on downtrend expectation
Hot rolled coil suppliers have received pushback from Middle East and North African buyers this week, since re-rollers and stockists expect a price decrease, in line with the global iron ore and scrap price drop, Kallanish notes.
Following their return from summer holidays, European buyers have expressed interest in purchasing MENA downstream coil, which bodes well for the MENA's HRC demand. Those Europeans who need urgent or October-delivery material are…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous