GULF FLAT STEEL IMPORTS: UAE prices for HRC, HDG edge down on continuing sluggish demand

The price of CRC imports to the United Arab Emirates edged up this week, while HRC and HDG import prices went in the opposite direction on continuing sluggish demand caused by the annual slowdown in the construction sector.

UAE Offers for hot-rolled coil imports to the UAE came in at $510 per tonne cfr for material imported from China, with deals for cargoes over 10,000 tonnes heard at $500-510 per tonne from Japan. Indian HRC, meanwhile, was on offer to the UAE at $520-525 per tonne cfr. Working hours in the UAE are limited from June 15 until September because of the extreme hot weather, which leads to a reduction in demand for HRC from the construction sector. Fastmarkets’ weekly...

Published

Serife Durmus

July 09, 2019

17:03 GMT

Bursa