GULF FLAT STEEL IMPORTS: Demand remains weak; prices steady

Prices paid for flat steel imports into the United Arab Emirates and Saudi Arabia were stable this week, with demand remaining weak amid the seasonal summer lull.

Buying may improve if prices fall by about $25 per tonne, but such a fall is unlikely any time soon, one market participant said. UAE Offers for hot-rolled coil imports from China to the UAE came in at $500-510 per tonne cfr, but 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...

Published

Serife Durmus

July 23, 2019

15:55 GMT

Bursa