GULF FLAT STEEL IMPORTS: Prices largely unchanged on continuing weak demand

Flat steel import prices in the Gulf states were little changed over the past week, with lower offers in the UAE nudging prices down, while in Saudi Arabia HRC edged up, sources said on Tuesday January 8.

Demand was subdued because stock levels in the UAE were already high and buyers have not started to place bookings in 2019, sources told Fastmarkets. UAE Chinese hot-rolled coil was on offer to the UAE at around $500-510 per tonne cfr, but no major deals were heard at that level, while Indian HRC was...


Serife Durmus

January 08, 2019

16:33 GMT