GULF FLAT STEEL IMPORTS: Market weak ahead of religious holiday

Prices for flat steel imports into the United Arab Emirates and Saudi Arabia were stable in the week ended Tuesday August 6, with demand weak because of the upcoming Eid al Adha religious holiday next week.

The market was expected to improve in the second half of August, when the eid, and the Hajj pilgrimage and holiday seasons, will almost be over.
Some deals were placed last week, so buyers did not want to make any further bookings before the holidays.

Offers of hot-rolled coil (HRC) imports from China to the UAE were...


Serife Durmus

August 06, 2019

16:03 GMT