GULF FLAT STEEL IMPORTS: Market still slow; pressure up on prices

The price for flat steel products imported in the United Arab Emirates (UAE) and Saudi Arabia was fairly stable over the past week, except for hot-rolled coil, while the demand for material was limited, sources said on Tuesday June 18.

UAE Offers for HRC were at around $520-530 per tonne cfr from all supplying regions this week, but demand was sluggish due to falling prices. Fastmarkets’ weekly price assessment for HRC imported into the UAE was $520-530 per tonne cfr on June 18, narrowing down from $520-540 per tonne on June 11. “I expect more downward pressure on...


Cem Turken

June 18, 2019

15:50 GMT