Amid the relative stability of import offers, Emirati buyers in need of stocks have continued to postpone purchases since they still expect price decreases. Meanwhile, Chinese suppliers, who saw a recovery last week, have begun this week amid decreased futures prices and weaker sentiments, but, despite the negative pressure, they have still kept their offer prices stable week on wee.
"No new agreements have been completed as of yet since China is attempting to keep prices stable, and buyers are waiting for a correction in light of the AD and tariff news," a source told SteelObis
Over the past week, ex-China SS400 offers to the UAE have stayed nearly unchanged at $495-515/mt CFR for April shipments.
Similarly, HRC offers from India are stable week on week at $525-530/mt CFR for May and April shipments.
On the other hand, Japanese suppliers have continued to offer HRC to the UAE this week at $510-515/mt CFR for May shipping, while Taiwanese suppliers who were silent in the last couple of weeks have begun to offer at $530/mt CFR for late April-early May shipment.
