Purchases concluded in line with needs in Saudi Arabian flat steel market

Flat steel prices in the Saudi Arabian domestic market, which have been following a sideways trend for a long time, have remained unchanged this month. Demand has registered some improvement in the last two months, though it has not reached the expected levels yet. If buyers, who are still concluding deals just in line with their needs, start their restocking activities, demand will likely pick up and reached the expected levels.
 
Meanwhile, hot rolled coil (HRC) prices in the Saudi Arabian market are standing at $625-680/mt, cold rolled coil (CRC) prices are at $720-805/mt, hot dip galvanized (HDG) coil prices stand at $790-880/mt, while color coated coil (PPGI) quotations are at $840-930/mt. All the prices, which exclude VAT, are on ex-works basis, for advance payment and for January-February output.