GULF FLAT STEEL IMPORTS: Prices flat or down on failing demand

Some flat steel import prices in the United Arab Emirates and Saudi Arabia fell this week on limited demand, sources told Fastmarkets on Tuesday October 22.

Buyers were reluctant to book large tonnages because of the falling prices as well as the weak end-user demand, they said. UAE Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $440-445 per tonne cfr this week, with offers for India-origin material coming in at $430-435 per tonne cfr. One deal was heard from India at $430 per tonne...

Published

Serife Durmus

October 22, 2019

15:45 GMT

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