SteelOrbis has been informed by market sources that the Saudi Arabian flat steel import market remains quiet due to Ramadan, while it is expected that purchases will increase amid the anticipated rebound in market activity in September.
Flat steel prices in the Saudi Arabian domestic market are currently as follows:
Product |
Country |
Price ($/mt) |
Hot rolled coil (HRC) |
570-590 |
|
Hot dip galvanized coil (HDG) |
740-760 |
|
Hot dip galvanized coil (HDG) |
820 |
|
Pre-painted galvanized iron coil (PPGI) |
920 |
All the prices, which exclude VAT, are for July deliveries. The offers form the UAE are on ex-warehouse basis, while the other offers are on CFR basis.