14
Dec
14:46
Saudi Arabian HRC market stays bearish
Sole Saudi Arabian hot rolled coil producer Hadeed has almost fulfilled its quota for February deliveries. The company has sold SAE 1006 re-rolling grade 2mm+ HRC at an average price of SAR 3,225- 3,300/tonne ($860-880/t) delivered to the client's warehouse. The prices vary upon client classification, payment and tonnage, Kallanish notes.
The company also has a pending offer for re-rolling grade HRC to a neighbouring country at $940/t cpt UAE and is …
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Anonymous
Very good overview of the weekly steel market.
Anonymous