High stock levels in UAE HRC spot market

Wednesday, 25 March 2015 15:57:59 (GMT+3)   |   Istanbul
According to market sources, demand for domestic hot rolled coil (HRC) in the UAE market has been sluggish this week. Sources state that ex-China HRC offers to the UAE market, which are at $400-410/mt CFR for April production, are exerting downward pressure on domestic HRC prices and this situation is worrying due to the high levels of stocks.

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