GULF FLAT STEEL IMPORTS: Prices move up despite slow market

Flat steel import offer prices in the United Arab Emirates and Saudi Arabia increased this week, despite demand being weak in the run up to the end of the year, sources told Fastmarkets on Tuesday December 31.

No new bookings have been heard so far this week because buyers have decided to postpone bookings until early 2020, sources said.

Offer prices for hot-rolled coil from China came in this week at $500 per tonne cfr in the UAE, and Indian HRC was offered at $515-520 per tonne cfr UAE....


Serife Durmus

December 31, 2019

10:20 GMT