SteelOrbis has been informed that that the Saudi Arabian market is still showing strong demand for flat steel products, especially for coated materials, while price levels have remained unchanged in the past two weeks.
Hot rolled coil (HRC) prices in the Saudi domestic market are still standing at $700-720/mt ex-works for June and July shipments. In the meantime, hot dip galvanized coil (HDG) prices are at $840-860/mt ex-works and pre-painted galvanized iron (PPGI) prices are at $940-980/mt ex-works, both for August-September shipments. All the prices exclude VAT and valid for advance payments.