GULF FLAT STEEL IMPORTS: Some prices increase, demand moderate

Some flat steel import prices in the United Arab Emirates and Saudi Arabia strengthened this week as suppliers raised offer prices amid moderate demand and anticipated further increases, sources told Fastmarkets on Tuesday December 3.

No new bookings were heard this week, after buyers placed a number of orders last week.
UAE
Offers for hot-rolled coil (HRC) from China were heard in the UAE at $460-470 per tonne cfr this week, while Indian and Japanese material was offered at $470-480 per tonne cfr UAE.
One buyer was bidding at $440-450 per tonne cfr for Chinese HRC.

Published

Serife Durmus

December 03, 2019

15:34 GMT

Bursa