14
Sep
12:48
MENA HRC market softens as Hadeed secures sales
The hot rolled coil market is softening in the Middle East. Buyers expect a price reduction from Indian mills, in line with the global iron ore and scrap price drop, but also with Saudi Iron & Steel Company (Hadeed)’s price policy, Kallanish notes.
Hadeed’s radical discount policy for two weeks, offering a discount on quotes of SAR 225-562.5/tonne ($60-150) has concluded numerous deals for November delivery.
Hadeed previously announced Novemb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous