Only one hot-rolled coil booking was heard, with nobody wanting to place new orders because of the current situation in around the world and sharply falling prices, buyers said.
Dubai authorities announced a lockdown lasting two weeks starting on April 4, only allowing shopping for food and medicine in the emirate. No trucks carrying anything other than food and medicine is allowed into Dubai, which is the biggest consumer of steel in the UAE.
Even though there are no steel producers in Dubai, the lockdown will have a...
