Import HRC offers to UAE market

Thursday, 27 August 2015 11:59:08 (GMT+3)   |   Istanbul
       

According to market sources, demand in the United Arab Emirates (UAE) hot rolled coil (HRC) market has failed to improve over the past two weeks and is still weak. Market sources state that the main reasons of the weak demand have been the lack of interest from end-users and buyers' 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 decreased by $20/mt during the past two weeks to $320-350/mt CFR, for October production.


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