GULF FLAT STEEL IMPORTS: Prices increase as demand improves

Flat steel import prices in the United Arab Emirates and Saudi Arabia rose this week on higher offers, improved demand and expectations that prices will increase further, sources told Fastmarkets on Tuesday November 19.

Buyers placed some bookings during the week and expect further price increases in the coming days.
Offer prices for hot-rolled coil from Japan were heard in the UAE at $460 per tonne cfr this week, while India-origin HRC was on offer to the UAE at $440-450 per tonne cfr.
Chinese HRC was offered at $450-460 per tonne cfr UAE.

One deal of about 2,000 tonnes was heard...


Serife Durmus

November 19, 2019

15:24 GMT