GULF FLAT STEEL IMPORTS: Prices continue to fall, demand weak

Flat steel import prices in the United Arab Emirates and Saudi Arabia decreased this week, with the market slow while buyers wait for prices to bottom out before placing orders, sources told Fastmarkets on Tuesday March 10.

The outbreak and spread of the novel coronavirus (2019-nCoV) has also kept buyers from booking material.
Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $475-485 per tonne cfr, down $490-495 per tonne cfr last week.
Japan was heard to be offering HRC to the UAE at $480-485 per tonne cfr, but no major deals were heard.

Fastmarkets’ weekly price assessment for steel HRC, import, cfr Jebel Ali,...


Serife Durmus

March 10, 2020

14:10 GMT