GULF FLAT STEEL IMPORTS: Slow demand dictates market in UAE, Saudi Arabia

Movements in flat steel import prices in the United Arab Emirates and Saudi Arabia varied by commodity this week but overall demand was still not strong, sources told Metal Bulletin on Tuesday March 13.

UAE Hot-rolled coil (HRC) was being offered to the UAE at $620-630 per tonne cfr from China and at $640-650 per tonne cfr from India, while buyers were bidding $620-630 per tonne cfr. Metal Bulletin’s weekly price assessment for UAE HRC imports was $620-640 per tonne cfr on March 13, widening from $630-635 per tonne cfr. Cold-rolled coil (CRC) was being offered at $710...


Serife Durmus

March 13, 2018

16:10 GMT