GULF FLAT STEEL IMPORTS: HRC prices down on lower offers, weak demand

Hot-rolled coil import prices in the United Arab Emirates and Saudi Arabia have gone down this week on lower offers, sources told Fastmarkets on Tuesday November 5.

Buyers were still reluctant to book large tonnages because of the falling prices as well as the weak end-user demand, they said.
Offer prices for HRC from China and Japan were heard in the UAE at $420-430 per tonne cfr this week, with offers of India-origin material coming in at $430 per tonne cfr.

One buyer was bidding $410...


Serife Durmus

November 05, 2019

14:15 GMT