Latest situation in Saudi Arabian HRC market

According to market sources, demand for hot rolled coil (HRC) is still sluggish in Saudi Arabia despite the end of Ramadan. However, market sources state that end-user demand for HRC has recorded a slight recovery over the past month and is expected to continue to increase in the coming period. Meanwhile, Chinese and Japanese HRC offers to Saudi Arabia have decreased by $20/mt as compared to the previous month to $350-375/mt CFR, for September shipment.