GULF FLAT STEEL IMPORTS: Prices adjust slightly; demand still weak

Some of the prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have changed slightly over the past week, with levels of demand remaining low but consistent, Fastmarkets heard on Tuesday April 9.

Demand among end-users has been weak, so buyers were unwilling to place orders for large tonnages, sources told Fastmarkets. UAE China-origin hot-rolled coil (HRC) was on offer to the UAE this week at around $565-570 per tonne cfr, with buyers bidding at $550-555 per tonne cfr. No major deals were heard because of weak end-user demand. Taking these offers and bids into account, Fastmarkets’ weekly price assessment for HRC imports into the UAE was $555-565 per tonne cfr on April 9, falling from $565-570 per tonne cfr last week. Cold-rolled...

Published

Serife Durmus

April 10, 2019

12:45 GMT

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