Imported hot rolled coil offers in the Gulf Cooperation Council (GCC) market have decreased from India for April delivery and from Japan and Taiwan for end-May/June shipment to below $600-610 per tonne cfr for re-rolling and tube grades. Buyers in the region have adopted a cautious approach, adjusting their target prices to around $570-575 per tonne cfr Jebel Ali or Dammam in response to the declining trend. Notably, a trading company is offering ex-China first-tier 2mm+ thick SAE1006 grade at $570 per tonne for May shipment, while the initial offer from Taiwan stands at $610 per tonne for end-May shipment. Indian mills are pricing their offers at $600-610 per tonne for April shipment due to subdued domestic demand. Suppliers are willing to negotiate deals with a margin of $10-15 per tonne for tonnages exceeding 10,000 tonnes, highlighting the market's flexibility. These price quotations are based on cfr Dammam or Jebel Ali port. Market dynamics indicate that buyers find $600 per tonne cfr GCC ports unattractive, according to insights from a trading source. Additionally, a major Chinese supplier has reduced its prices for thin gauge products, with prices for various grades adjusted for mid-May shipment. Saudi Arabia's primary HRC supplier has already sold out for May rolling, with expectations of lower prices for June deliveries compared to the quoted $745 per tonne for May shipments.