In the North Africa and Middle East (MENA) flat rolled steel markets, no major change has been observed in terms of either demand or prices. However, market players are hoping for a revival of demand in the near term.
Egyptian steel producer EZDK has decided to maintain its previous price levels for the month of May. Accordingly, its hot rolled coil (HRC) price level remains at EGP 4,200/mt ($706/mt) excluding 10 percent tax. The hot rolled coil price of EZDK in April had increased from EGP 4,000/mt ($672/mt) up to the current level of EGP 4,200/mt. As regards export offers, EZDK recently increased its HRC export offers from $775/mt FOB to $785/mt FOB. The mill is expected to push up its HRC export offers to the level of $800/mt FOB soon.
In Saudi Arabia, while demand for rebars is in better shape, demand for flat rolled products has not recovered fully yet. The Saudi Arabian producer Hadeed is not expected to make any significant change in its July production offer levels. In the meantime, inventory levels in Saudi Arabia for flat rolled products are not too high, and therefore any activity which kicks off on the demand side may trigger improved purchasing activity.
US$ 1 = EGP 5.951
No change in MENA flat rolled markets for now
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.