GULF FLAT STEEL IMPORTS: Most prices fall in prolonged market slowdown; HDG holds

Most prices for flat steel products imported in the United Arab Emirates (UAE) and Saudi Arabia decreased over the past week, except for hot-dipped galvanized (HDG) coil, while demand for material was limited, sources said on Tuesday June 25.

UAE Offers for hot-rolled coil (HRC) were at around $500-510 per tonne cfr India and Japan, but no major deal was heard because of weak end-user demand. Working hours are limited in the country from June 15 until September because of extremely hot weather, meaning HRC demand for construction has decreased. Fastmarkets’ weekly price...

Published

Serife Durmus

June 25, 2019

14:50 GMT

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