GULF FLAT STEEL IMPORTS: Most prices fall, demand remains weak

Prices for flat steel imports to the United Arab Emirates and Saudi Arabia fell this week, with demand remaining weak because of the seasonal summer lull.

Offers for hot-rolled coil imports from China to the UAE came in at $510-520 per tonne cfr, while buyers were bidding $500 per tonne cfr.
No major deal was heard.
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 price assessment for steel HRC...


Serife Durmus

July 16, 2019

17:20 GMT