GULF FLAT STEEL IMPORTS: Stable demand nudges some prices upward

Some flat steel import offer prices in the United Arab Emirates and Saudi Arabia continued to increase this week on stable demand, sources told Metal Bulletin on Tuesday February 20.

UAE Hot-rolled coil was being offered to the UAE at $650 per tonne cfr from Europe while a buyer was bidding $625 per tonne cfr. No new price was heard from China because of the Chinese lunar new year celebrations, and India also did not send any new offers. Metal Bulletin’s weekly price assessment for UAE HRC imports was $625-650 per tonne...


Serife Durmus

February 20, 2018

16:20 GMT