According to market sources, demand in the United Arab Emirates (
UAE) hot rolled coil (
HRC) market has remained weak over the past two weeks, while buyers have been maintaining a cautious stance towards concluding purchases due to their expectation of a decline in import
HRC prices. Chinese and South Korean
HRC offers to the
UAE market have remained unchanged during the past two weeks and are still in the range of $340-370/mt CFR, for September production.