GULF FLAT STEEL IMPORTS: Price rises limited in slow market

Some flat steel import prices in the United Arab Emirates and Saudi Arabia increased this week on higher offers, but demand was still weak because of the continuing New Year holidays in global markets, sources told Fastmarkets on Tuesday January 7.

Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $500-510 per tonne cfr this week, while Indian HRC was offered at $520-525 per tonne cfr UAE.

Fastmarkets’ weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE, was $500-520 per tonne cfr on January 7, widening upward from $500-515 per...


Serife Durmus

January 07, 2020

14:42 GMT