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Chinese HRC prices increased in the GCC market

Amid recovery in the US and China markets, HRC suppliers have increased their prices for the Gulf Cooperation Council (GCC).

Chinese HRC prices increased in the GCC market

3mm SS400/S235JR quality HRC of Chinese origin found buyers on the GCC market at a price of 583-585 dollars per ton. The deal, brokered through a trading company, involves an order of 7,000-8,000 tons in various thicknesses, with January shipments averaging $585 per ton. This development shows that steel demand and prices in the region are increasing under the influence of the positive trends on the global markets.

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