02
Nov
12:51
MENA HRC import prices soar despite subdued market
The United Arab Emirates hot rolled coil market is quiet this week amid a hike in Indian-origin re-rolling grade HRC offers.
These quotes, for 2mm and up SAE 1006 grade HRC, have risen to $930-940/tonne cfr UAE from last week’s $920-935/t cfr.
Buyers have kept their purchasing target prices at $900-905/t cfr and adopted a wait-and-see policy, monitoring the Chinese market. They have enough inventory to fulfil their production needs until the end of January,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous