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

On July 11, the UAE hot volume import valuation was $580-610 / ton (CFR), down from the previous week of $580-620 / ton (CFR). According to the UAE market news, the mainstream export quotation of overseas hot rolls to the UAE early this week: China hot roll $580-610 / ton (CFR), unchanged compared with last week; India hot roll $605-640 / ton (CFR), $620-640 / ton (CFR); Japan hot coil $605-610 / ton (CFR); Saudi hot coil $610-615 / ton (CFR), the UAE market said the current demand for hot rolls is low. July 11 Saudi Hot Volume (1.2mm) import valuation of $590-610 / ton (CFR), down $25 to $35 / ton. At the beginning of the week, China’s 1.2mm hot volume to Saudi mainstream export price was $610 / ton (CFR), and other Asian hot volume prices were higher than China’s hot volume price. Some Saudi buyers said that the current psychological price of Chinese hot volume is $580- $590 / ton (CFR). In addition, the July 11 UAE cold-roll import valuation was $595-670 / ton (CFR), a downward trend from $630-670 / ton (CFR) last week. At the beginning of the week, China cold roll to UAE mainstream exports quoted $595-630 / ton (CFR), down $10-35 / ton from last week; and in the early week, India cold roll to UAE mainstream exports quoted $670-690 / ton (CFR), unchanged from last week. July 11, UAE hot dip galvanized roll import valuation of $740- $800 / ton (CFR), down $30- $50 / ton week on week. At the beginning of the week, China hot dip galvanized roll to UAE mainstream export price was $740-770 / ton (CFR), down $20-50 / ton from last week, the mainstream export price of India to UAE was $800-830 / ton (CFR), down $10-30 / ton from last week.