SteelOrbis has been informed that the local prices for HRC in the Saudi Arabian market are currently at $550/mt ex-works, decreased from the mid-November level of $600/mt.
Looking at the stockists in this country, the price levels of imported HRC are currently at SAR 2,200-2,400/mt ($587-641/mt) ex-warehouse, whereas the CRC prices are at SAR 2,900-3,100/mt ($774-827/mt) and HDG prices are at SAR 3,000-3,500/mt ($801-934/mt), indicating no change compared to recent weeks.
HDG demand in Saudi Arabia is in a better position compared to the HRC demand level. Regarding HRC, the demand level is higher for 1.8 mm, the stocks for which are low, compared to the other HRC sizes.