Demand for flat rolled steel in Israel is weak as consumption slows in the holiday season. Steel Business Briefing is informed by local sources that the market is waiting for September to see some improvement. Hot rolled coil is offered to Israel from the CIS and Far East at $710-740/tonne cfr, similar to prices earlier in July. Sources say the price is not the reason behind the low buying; global economic problems have adversely affected sentiment in the country. Some sources believe demand for HRC from the tube and pipe industry may increase in the last quarter of 2011. Source: steelbb.com
Source:
http://www.steelbb.com/?PageID=157&article_id=95787
