16
Aug
16:18
Egyptian HRC gains Saudi share after China retreat
Egypt is increasing its influence in Saudi Arabia’s hot rolled coil market since Chinese HRC is pegging at higher levels. The North African country is also the only producer of HRC thinner than 1.5mm in close proximity to Saudi Arabia, market participants tell Kallanish.
Saudi local producer Hadeed has pegged SAE 1006 re-rolling grade 3mm and up HRC offers at SAR 4,087.5/tonne ($1,090), while 2mm product is at SAR 4,162.5/t ($1,110) delivered within Saudi Ar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous