GULF FLAT STEEL IMPORTS: Some prices decrease, buying slows

Some flat-steel import prices in the United Arab Emirates and Saudi Arabia decreased on lower offers in the week to February 11, while the market was slow because buyers were waiting to see if price falls continue, sources told Fastmarkets.

India - a regular supplier of flat steel to the UAE - did not send any offers to the UAE this week, with buyers preferring to wait.
Offer prices for China-origin hot-rolled coil (HRC) were heard in the UAE at $530-535 per tonne cfr, but no major deals were heard.

Fastmarkets’ weekly price assessment for steel HRC,...


Serife Durmus

February 11, 2020

14:25 GMT