GULF FLAT STEEL IMPORTS: Prices mostly stable, demand remains weak

Flat steel import prices in the United Arab Emirates and Saudi Arabia have been mostly stable over the past week, with demand being weak and buyers expecting prices to fall, sources told Fastmarkets on Tuesday October 9.

Few deals were heard during the week. UAE Hot-rolled coil (HRC) was offered to the UAE at $580-590 per tonne cfr from China. “Demand is very, very weak - there is no will to buy. Prices may fall,” one buyer said. Fastmarkets’ weekly price assessment for UAE imports of HRC was unchanged at $580-590 per tonne cfr...

Published

Serife Durmus

October 09, 2018

16:10 GMT

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