The Middle East Hot Rolled Steel Coil Import Prices Continue To Fall Mainly

June 6 UAE hot coil import valuation of $565-600 / ton (CFR), slightly lower than last week’s $580-590 / ton (CFR) price focus. According to the UAE market, at the beginning of this week, the UAE buyer purchased a batch of 5,000 tons of Chinese hot rolls at $585 / ton (CFR); [] a batch of Japanese hot rolls for $565 / ton (CFR) at the beginning of the week at $580-590 / ton (CFR); [] at the beginning of $595-630 US dollars / ton. June 6 Saudi Hot Volume (1. [] 2mm) import valuation of $615-630 / ton (CFR), weekly down $5- $10 / ton. Early China 1. [] 2 mm hot coil to UAE mainstream export price of $615-620 / ton (CFR), $10-15 / ton lower than last week; [] some Saudi buyers evaluate the current Taiwan 1. [] 2mm hot coil to UAE more feasible price of $630 / ton (CFR). In addition, the June 6 UAE cold volume import valuation was $640-670 / ton (CFR), a downward trend from $650-670 / ton (CFR) last week. At the beginning of the week, the mainstream export prices of China and India to the UAE were $640 / ton (CFR) and $670-690 / ton (CFR) respectively. June 6 UAE hot dip galvanized board import valuation of $790-830 / ton (CFR), down from $790-840 / ton (CFR) last week. Some UAE buyers evaluate the current relatively feasible transaction price of $790- $800 / ton (CFR).