GULF FLAT STEEL IMPORTS: Prices dip, demand limited as Ramadan approaches

Flat steel import prices in the United Arab Emirates and Saudi Arabia decreased slightly this week because of limited demand, sources told Metal Bulletin on Tuesday May 15.

Buyers preferred to postpone bookings ahead of the Islamic holy month of Ramadan, which starts this week and will lead to a further reduction in market activity. Working hours will be reduced in Saudi Arabia, with Ramadan always being a slow month in the region in terms of trading activity. UAE Metal Bulletin’s weekly price assessment of UAE hot-rolled coil (HRC) imports was $590-600...


Serife Durmus

May 15, 2018

15:32 GMT