SteelOrbis has been informed that the local prices for HRC in the Saudi Arabian market are currently at $500/mt ex-works, decreased from the level of $550/mt.
Looking at the stockists in this country, the price levels of imported HRC are currently at SAR 1,800-2,000/mt ($480-534/mt) ex-warehouse, whereas the CRC prices are at SAR 3,000/mt ($801/mt) and HDG prices are at SAR 2,800-3,400/mt ($747-908/mt). As stockists' HRC stocks are more plentiful than their CRC stocks, the CRC price levels exceed the HRC prices by a far bigger margin than would normally be the case.
On the other hand, Indian origin 0.8 mm 275 gr/m² zinc coated HDG offers have been at $610/mt CFR Dammam, whereas the same origin 0.65-0.70 mm CRC offers have been at $570/mt CFR Dammam.
Although demand in Saudi Arabia is not so strong, there have been some HDG and CRC deals in this country recently. India, in particular, has been very active in this market with its recent HDG offers.