South African HRC offer for Saudi Arabia

South African HRC offer for Saudi Arabia

Sources report that hot rolled coils ex-Saldanha mill of South Africa are being offered in the Saudi Arabian market at around $390/mt CFR LO Jeddah for 1.8 mm material. On the other hand, 1.4 mm material is being offered at around $425/mt CFR LO Jeddah, and 1.2 mm material is being offered at around $470/mt CFR LO Jeddah. Middle East market have moved up during the last two weeks with only the exception of Saldanha dropping thing gauge HRC price into S.Arabia to compete with Japanese mills.