GULF FLAT STEEL IMPORTS: Prices stable in slow market

Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week in a slow market, with buyers choosing to wait for new prices from India, sources told Fastmarkets on Tuesday February 18.

India, which is a regular supplier of flat steel to the UAE, did not make any offers to the UAE this week and buyers preferred to wait.
Some market participants expect prices to fall due to weak demand, while some said prices will be supported by increasing production costs.

Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey,...


Serife Durmus

February 18, 2020

14:31 GMT