According to market sources, demand in the United Arab Emirates (
UAE) hot rolled coil (
HRC) market has remained weak over the past two weeks. Market sources state that the declines seen in
HRC prices are expected to continue in the coming period, causing buyers are postpone their purchases. Chinese and South Korean
HRC offers to the
UAE market have decreased by $5/mt during the past two weeks to $315-345/mt CFR, for October production.