EghtesadOnline: As Iranian mills’ steel product output is on an overall downtrend, the only commodity defying this trend is hot-rolled coil, which is solely produced by Iran's largest steelmaker Mobarakeh Steel Company.

EghtesadOnline: There is not much buying or selling happening in the UAE’s hot rolled coil market due to the uncertain situation and fluctuating prices. Besides, demand is weak at the end of the year and inventories are not high, market players report.