Prices for flat steel imports to the Gulf region have increased this week. Currently it is difficult to get new offers. As Indian and Chinese steel producers are holding back. This is what market sources told us.
Rebar producers adopt prices for April
Rebar producers in the region have carried over offer prices from March into April without any changes. A large steel producer is offering Rebar for $690 a ton ex-works at the moment.
Many steel purchasers still waiting for prices to fall
Purchasers in the Gulf region are still waiting for steel prices to fall. Market trends in recent weeks have seen prices continue to rise. A major collapse in steel prices is not seen in the market at the moment.
Is there soon a threat of a material shortage in the Gulf?
Added to this are production cutbacks for steel in China and an Indian market that is increasingly focusing on itself and has no great interest in exports. Not good conditions for more favorable prices. Those who wait too long could soon be faced with the problem that no more material is available or it cannot be delivered on time.
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
