02
Apr
13:23
Saudi buyers eye imported HRC over price differential
Hot rolled coil buyers in Saudi Arabia have shifted their buying focus to imports from China. This shift is primarily due to the significant price difference between imported material and local HRC, even after adding a 15% import duty on imported material. The gap has widened, making imported HRC more cost-effective.
This week, the Saudi mill, the sole HRC producer in the Gulf Cooperation Council, has reduced its domestic market June-rolling price for 3mm bas…
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Anonymous
Very good overview of the weekly steel market.
Anonymous