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Summary of Saudi Arabia hot rolled Steel coils market from November 10th to November 17th

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In the past week, due to the rise in the prices of hot-rolled HX300BD+ZF steel coils exported from Asia, the prices of imported hot-rolled steel coils from Saudi Arabia and the United Arab Emirates have first increased and then stabilized. Some buyers have expressed their desire to place orders before prices further increase, and domestic demand for hot-rolled HX300BD+ZF steel coils is also further recovering. It is reported that earlier this week, the quotation for hot rolled steel coils exported from China to the United Arab Emirates was between 590-600 US dollars per ton of CFR, a slight increase from last week's 590-595 US dollars per ton. I haven't heard about the price of hot-rolled steel coils imported from Japan by the United Arab Emirates yet. We evaluate that the price of hot rolled HX300BD+ZF steel coils in the United Arab Emirates this week is between 590-600 US dollars per ton of CFR. This week, the quotation for hot-rolled steel coils exported from China to Saudi Arabia is between $635-640 per ton of CFR, and the buyer believes that the feasible price is between $634-640 per ton of CFR. We evaluate that the price of imported hot-rolled steel coils (with a specification of 1.2mm) from Saudi Arabia this week is between 635 to 640 US dollars per ton of CFR.

  • Source: Abstract
  • Editor: Shirley

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