Why are Steel HRC (UAE) Prices so high?
30-01-2026 - The current market analysis reveals mixed signals regarding raw material prices. Technical data indicates upward price pressure, with an impact of $8.5/t, driven by trend following and price signals. However, demand data suggests a downward trend, creating a complex picture across different data types.
The forecast anticipates an increase in the FOEX Steel HRC market price to $511.5 in the coming month. This projection is supported by external analyses, which suggest a bullish trend in the steel market. For example, a report from Fastmarkets highlights a positive outlook for the U.S. ferrous scrap market in January 2026. The Trend Indicator is at 57.3, indicating upward price pressure and a forecasted month-on-month increase of 3.2%. This optimism is attributed to stable mill stocking and balanced market fundamentals.
The external analysis aligns with the forecast, reinforcing expectations of an upward trend in the FOEX Steel HRC market price over the next month.
The forecast anticipates an increase in the FOEX Steel HRC market price to $511.5 in the coming month. This projection is supported by external analyses, which suggest a bullish trend in the steel market. For example, a report from Fastmarkets highlights a positive outlook for the U.S. ferrous scrap market in January 2026. The Trend Indicator is at 57.3, indicating upward price pressure and a forecasted month-on-month increase of 3.2%. This optimism is attributed to stable mill stocking and balanced market fundamentals.
The external analysis aligns with the forecast, reinforcing expectations of an upward trend in the FOEX Steel HRC market price over the next month.
What is the current / spot price of Steel HRC (UAE)?
Steel HRC (UAE) Price Today
January 30, 2026
Current Price
What is the forecast for the price of Steel HRC (UAE)?
Steel HRC (UAE) Price Forecast
January 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: - Short term price trends - EWMA-based technical analysis - Steel Products exports from Korea - Coke exports from China - Seasonality trends for the prediction week of year Br(None)
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 - Movements in the Euro Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis - Iron Ore imports to United States
Will the price of Steel HRC (UAE) go up?
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