Import Prices For Hot-rolled Rolls Rose in The Middle East

On July 25, the UAE hot volume import valuation was $590- $640 / ton (CFR), up $10- $30 / ton week on week. According to the UAE market, at the beginning of this week, the mainstream export price of the UAE was $590-620 / ton (CFR), up $10-20 / ton from the beginning of last week, the mainstream export price of the Indian hot volume to the UAE was $640-660 / ton (CFR), up $40-45 / ton from last week. Some market participants said that the hot coil inventory of the end users in the UAE is generally low, and procurement and replenishment operation is expected soon. July 25 Saudi Hot coil (1.2mm) import valuation of $620-640 / ton (CFR), up $30 / ton weekly. At the beginning of the week, the 1.2mm export price from Taiwan, China to Saudi Arabia was $640 / ton (CFR); some market participants evaluated the current 1.2mm to $620-630 / ton (CFR). In addition, the July 25 UAE cold volume import valuation of $670- $720 / ton (CFR), up $25- $50 / ton week on week. At the beginning of the week, the mainstream export prices of China and India to the UAE were $670 / ton (CFR) and $720-730 / ton (CFR), respectively. July 25, UAE hot dip galvanized roll import valuation of $760-830 / ton (CFR), up $20- $30 / ton week on week. At the beginning of the week, China hot dip galvanized roll to the UAE mainstream export price is $760-830 / ton (CFR), and at the beginning of the week, India Z275 coating 1mm hot dip galvanized roll to the UAE mainstream export price is $830-860 / ton (CFR).