Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
In the past week, with the withdrawal of India and Japan, the UAE imported steel market has begun to experience a shortage of hot coils, and domestic inventory levels have been continuously decreasing.At present, the quotation for Chinese hot coils is between $600 to $630 per ton of CFR, and there have been no reports of large-scale transactions HCT980XG+ZM steel. We evaluate that the price of imported hot coils from the United Arab Emirates this week is between $600 to $620 per ton of CFR, an increase of approximately $15 per ton compared to the previous week. Most market participants believe that India will not export to the United Arab Emirates in the next two weeks, but they hold a wait-and-see attitude towards Japanese exports. China's hot coil quotation to Saudi Arabia ranges from $650 to $660 per ton of CFR, with some orders being sold at a price of $650 per ton of CFR, unchanged from the previous week HCT980XG+ZM steel.
