GULF FLAT STEEL IMPORTS: Coronavirus outbreak keeps demand sluggish

Flat steel import prices in the United Arab Emirates and Saudi Arabia remained steady over the week, with market demand limited amid the novel coronavirus (2019-nCoV) outbreak, sources said on Tuesday March 17.

Chinese suppliers' offers for hot-rolled coil (HRC) were stable at $475-485 per tonne cfr this week, while Japanese suppliers continued to offer the same material at $480-485 per tonne.
Fastmarkets’ weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE was $475-480 per tonne on March 17, unchanged week on week.

Ofers for 1mm hot-dipped galvanized coil (HDG) with 275g per square...


Cem Turken

March 17, 2020

14:55 GMT