GULF FLAT STEEL IMPORTS: Prices stable on weak demand
Flat steel import prices into the United Arab Emirates and Saudi Arabia were stable this week on limited demand, sources told Fastmarkets on Tuesday October 8.
Buyers were reluctant to book large tonnages before prices hit a market bottom and end-user demand begins to improve, they said.
Offer prices for hot-rolled coil (HRC) from China were heard at $450-460 per tonne cfr this week, with offers of India- and Japan-origin material at $460 per tonne cfr.
No major deals were heard.