Why are Steel HRC (UAE) Prices so high?
30-09-2026 - The current market analysis reveals mixed signals regarding raw material prices. The forecast indicates upward price pressure on raw materials, influenced by technical data, with a notable impact of $8.5 per tonne. However, data on demand and flows suggest a downward pressure, highlighting a lack of consensus among different data types.
A recent report by EUROMETAL, dated October 30, 2023, highlights that European hot-rolled coil (HRC) producers are contemplating price hikes due to escalating production costs. The report suggests that HRC prices have likely hit a bottom, with further declines deemed improbable. In Northern Europe, integrated mills are offering December-delivery HRC at €620-650 per tonne ex-works, while buyers estimate achievable prices to be between €600-620 per tonne ex-works. This indicates a potential upward trend in HRC prices in the near future.
This external report aligns with the forecasted upward movement in the FOEX Steel HRC market, suggesting that despite the mixed signals from different data types, there is a general expectation of rising prices in the steel market.
A recent report by EUROMETAL, dated October 30, 2023, highlights that European hot-rolled coil (HRC) producers are contemplating price hikes due to escalating production costs. The report suggests that HRC prices have likely hit a bottom, with further declines deemed improbable. In Northern Europe, integrated mills are offering December-delivery HRC at €620-650 per tonne ex-works, while buyers estimate achievable prices to be between €600-620 per tonne ex-works. This indicates a potential upward trend in HRC prices in the near future.
This external report aligns with the forecasted upward movement in the FOEX Steel HRC market, suggesting that despite the mixed signals from different data types, there is a general expectation of rising prices in the steel market.
What is the current / spot price of Steel HRC (UAE)?
Steel HRC (UAE) Price Today
September 30, 2026
Current Price
What is the forecast for the price of Steel HRC (UAE)?
Steel HRC (UAE) Price Forecast
September 30, 2026
1 Month Forecast
1 Year Forecast
What are the short-term drivers of Steel HRC (UAE) prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Coke exports from China - EWMA-based technical analysis - Short term price trends - Seasonality trends for the prediction week of year Br(None) The top contrary drivers for the 1 Month horizon are: - Steel exports from China
What are the long-term drivers of Steel HRC (UAE) prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - Short term price trends - Steel Products exports from China Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends - EWMA-based technical analysis - Baltic Dry Index
Will the price of Steel HRC (UAE) go up?
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