According to market sources, demand in the United Arab Emirates (UAE) hot rolled coil (HRC) market has failed to improve over the past two weeks and is still weak. Market sources state that the main reasons of the weak demand have been the lack of interest from end-users and buyers' cautious stance towards concluding purchases due to their expectation of a decline in import HRC prices. Chinese and South Korean HRC offers to the UAE market have decreased by $20/mt during the past two weeks to $320-350/mt CFR, for October production.
Import HRC offers to UAE market
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Similar articles
Fresh Indian HRC deal in UAE highlights GCC buying interest despite logistics pressure
25 Aug | Flats and Slab
GCC HRC buying interest struggles to turn into bookings amid logistical pressure
12 Aug | Flats and Slab
GCC's import HRC trade freezes as logistics problems offset lower FOB offers
05 Aug | Flats and Slab
GCC's import HRC market remains stalled as rising freight pushes CFR prices higher
29 Jul | Flats and Slab
GCC import HRC market remains quiet amid widening regional logistics uncertainty
22 Jul | Flats and Slab