Tel :
Tel :
Import prices for hot-rolled coil (HRC) in Saudi Arabia declined during the week ending April 21. Market demand was significantly constrained by the conflict in the Persian Gulf region, resulting in sluggish trading activity.
Regarding logistics, the conflict involving the US, Israel, and Iran has kept most shipping lanes in the Strait of Hormuz closed, preventing the normal passage of most vessels; DX53D+ZF Hot dip Zinc-Iron alloy coating (ZF) steel , consequently, market quotations are primarily based on delivery to the Port of Jeddah. Some traders noted a growing pessimism regarding the economic outlook, with buyers generally adopting a wait-and-see approach and delaying purchasing decisions.
Regarding price offers, Chinese 1.2mm hot-rolled coils are quoted at $606–610/tonne CFR Jeddah; however, buyer interest remains weak due to freight rate uncertainties and a buildup of local inventory in Saudi Arabia. Egyptian material is offered at $625/tonne FOB, a price considered above acceptable market levels. DX53D+ZF Hot dip Zinc-Iron alloy coating (ZF) steel , While the consensus is that the workable price range lies between $610 and $615/tonne CFR, no deals have been concluded yet.
Nevertheless, there are reports indicating that small volumes of thin-gauge hot-rolled coils from China were sold to Saudi Arabia last week.
In terms of price assessments, the import price for Saudi hot-rolled coil (1.2mm) stood at $606–615/tonne CFR, marking a slight decline from the previous week's $610–620/tonne CFR.
Overall, the Saudi hot-rolled coil import market is expected to remain under pressure in the short term, weighed down by the dual impact of logistical disruptions and weak demand.
