Flat steel prices in Saudi Arabia to see revision in line with improved demand

Flat steel demand in the Saudi Arabian domestic market, which has seen improvments in the past two weeks, has reached satisfactory levels as of this week. With the order books having been filled for January, local steel mills state that they are also about to complete their order books for February and they even receive demand for March already. Meanwhile, although flat steel prices have remained unchanged since last week, prices are expected to see an upward adjustment in the coming period, in line with improved demand.
 
In the meantime hot rolled coil (HRC) prices in the Saudi Arabian market are still standing at $625-680/mt, cold rolled coil (CRC) prices are at $720-805/mt, hot dip galvanized (HDG) coil prices are at $790-880/mt, while pre-painted galvanized iron (PPGI) quotations are at $840-930/mt. All prices exlude VAT and are on ex-works basis, for advance payments and for February shipments.