30
Nov
13:15
Saudi Arabian HRC softens amid slow demand
Sole Saudi Arabian hot rolled coil producer Hadeed has reduced its SAE 1006 re-rolling grade 2mm+ HRC quote by SAR 150/tonne ($40) versus January to SAR 3,750/t ($1,000) delivered within the country for February deliveries.
The quotation has been given to stockists, traders and tube makers.
“Demand is slow and this price fall has made traders who have stocks unhappy,” a market insider tells Kallanish.
It is reported that Hadeed is…
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Anonymous
Very good overview of the weekly steel market.
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