GULF FLAT STEEL IMPORTS: Prices increase on higher offers, deals; demand still sluggish

The price paid for flat steel products imported in the United Arab Emirates (UAE) and Saudi Arabia increased over the past week, while demand for materials was limited, sources said on Tuesday July 2.

The increase in price for steelmaking raw materials is one of the reasons for higher prices in the steel rebar market this week. Fastmarkets’ daily index for Northern Europe-origin HMS 1&2 (80:20) was calculated at $292.09 per tonne cfr on July 1, rising from $273.88 per tonne cfr on June 25. UAE Offers for hot-rolled coil were at $525 per tonne cfr from China and one deal of over 10,000 tonnes was heard at...

Published

Serife Durmus

July 02, 2019

15:50 GMT

Bursa