UAE flat steel import prices fall sharply on lower Chinese offers

Flat steel import prices into the UAE decreased this week as offer prices from China fell.

Chinese hot rolled coil (HRC) was available in the UAE at $460 per tonne cfr, with one buyer bidding $450-455 per tonne cfr. And HRC was on offer from South Korea at $480-485 per tonne cfr, with one buyer bidding $470-475 per tonne cfr. India was out of the market, and market participants said they do...

Published

Serife Durmus

April 19, 2017

15:29 GMT

Bursa