Over the past two weeks, demand in the
UAE hot rolled coil (
HRC) market has remained weak. Market sources state that in particular demand from end-users for
HRC has started to slow down ahead of Ramadan, while traders are unwilling to carry large stocks during Ramadan. On the other hand, Chinese
HRC offers to the
UAE market have declined by $5/mt during the past two weeks to $390-410/mt CFR.