Demand for hot rolled coil (HRC) in the Saudi Arabian market is currently weak. Saudi military intervention in Yemen has negatively impacted on demand. However, market players state that their main problem is weak end-user demand, while demand might increase if political tensions in the region subside.
Local HRC prices in the Saudi Arabian market are currently in the range of $420-450/mt ex-works. On the other hand, HRC offers from South Korea and China to Saudi Arabia are at $400-430/mt CFR and $370-390/mt CFR, respectively, both for June production.
Latest situation in Saudi Arabian HRC 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.
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