Deals were scarce because end-user demand was still weak, sources told Fastmarkets.
In addition, stock levels were still high in the UAE, which has resulted in buyers postponing new orders.
China-origin hot-rolled coil (HRC) was on offer to the UAE this week at around $540-545 per tonne cfr, but no major deals were heard.
India offered similar product at $550-555 per tonne cfr while South Korean offers for HRC were $550-560 per tonne cfr UAE.
Taking these offers...