Steel HRC (UAE) Prices

09-12-2025 - The current market landscape presents a complex picture, with mixed signals influencing the outlook. The forecast suggests upward pressure on raw material prices, largely influenced by Flows data, exchange rates, and seaborne trade. However, Demand data indicates a slight downward pressure, resulting in an uncertain market scenario.

According to a report by S&P Global, the European hot-rolled coil (HRC) market is anticipated to encounter price pressures and demand challenges in 2025. Market participants are doubtful about a demand-driven price recovery, with expectations that any price support will likely stem from necessary capacity reductions to tackle market oversupply. A source from a Germany-based service center highlighted that mills are currently operating at a loss and may need to cut capacity in the first quarter to stabilize prices. Similarly, an Italy-based trader noted that while the first quarter of 2025 may be difficult, it could be an improvement over the fourth quarter of 2024, stressing the importance of a demand rebound. Overall, the outlook suggests that without a significant improvement in demand, price increases may be limited and primarily driven by supply-side adjustments.

This perspective contrasts with the forecasted price increase of $521.5 for the FOEX Steel HRC market in the upcoming month, highlighting the uncertainty and varied expectations within the market.