Steel HRC (Saudi Arabia) Prices

09-12-2025 - The current market analysis indicates a complex scenario for raw material prices. The forecast highlights an upward price pressure of $24.0 per ton, primarily influenced by technical data, including price signals and trend following. However, this is counterbalanced by demand data, which suggests a $2.5 per ton downward pressure, resulting in mixed signals across different data types.

In a report by BigMint dated December 5, 2025, it is projected that Chinese steel prices will experience a recovery in December. This anticipated increase is largely due to a reduction in steel inventories and a decrease in production levels. The expected rise in prices aligns with the forecasted upward trend in the FOEX Steel HRC market. The decline in steel inventories and production is seen as a key driver for this positive outlook in steel prices.

Overall, the market is experiencing a tug-of-war between upward pressures from technical indicators and downward pressures from demand data. Meanwhile, the Chinese steel market's recovery, driven by inventory and production dynamics, supports the broader trend of rising prices in the steel sector.