The Middle East Region Hot Coil Import Prices Are Mainly Stable

September 5 UAE Hot coil import appraisal $575-610 / ton (CFR), slightly lower than last week’s $575-615 / ton (CFR); September 5 Saudi Hot coil (1.2mm) import appraisal $620-640 / ton (CFR), unchanged week on week. According to the Middle East market, at the beginning of this week China hot to the UAE mainstream exports $575-585 / ton (CFR), down from last week’s $575-600 / ton (CFR); at the beginning of the week Japanese mainstream hot exports to the UAE $610-620 / ton (CFR). At the beginning of the week, there was not heard of a significant number of imported hot volume orders in the UAE market. The market for Saudi imports was light in the last week, with some market participants expecting activity to improve in late September. In addition, the UAE cold roll import assessment of $660-670 / ton (CFR) remained unchanged week on week; the September 5 UAE hot dip galvanized roll import assessment of $740-790 / ton (CFR), also remained unchanged week / week.