GULF FLAT STEEL IMPORTS: Prices fall, demand weak

Flat steel import prices in the United Arab Emirates and Saudi Arabia fell this week on limited demand, sources told Fastmarkets on Tuesday October 15.

Buyers were reluctant about booking large tonnages because of falling prices as well as weak end-user demand, they said.
Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $450-460 per tonne cfr this week, with offers for India-origin material coming in at $430 per tonne cfr.

One deal was heard from India...


Serife Durmus

October 15, 2019

16:59 GMT