The prices of flat rolled steel products in the local market in Jordan are at the following levels:
Products | Prices |
2-6 mm HRS | JOD 650/mt ($919/mt) |
8-10 mm HRP | JOD 700/mt ($989/mt) |
12 mm and over HRP | JOD 740/mt ($1,046/mt) |
0.5-2.00 mm CRS | JOD 700/mt ($989/mt) |
0.5 and over CRC | JOD 710/mt ($1,003/mt) |
0.4-0.6 mm galvanized sheet and coil | JOD 775-850/mt ($1,095-1,201/mt) |
0.4-0.6 mm PPGI | JOD 1,125/mt ($1,590/mt) |
All prices, which are inclusive of 16 percent VAT, are on FOT basis. Demand in the local Jordanian market is not as high as expected; however, it is higher than in late 2007. Currently, offers from the CIS have so far not been accepted in the market. Buyers in Jordan are currently waiting for the arrival of previously-booked ex-CIS materials before the expected increases are seen in ex-CIS prices. After waiting for a certain time, buyers may resume purchases in line with local demand. Currently, buyers in Jordan are mostly interested in hot rolled products.