GULF FLAT STEEL IMPORTS: Prices subdued by religious holiday

Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable this week, with demand only weak, sources told Fastmarkets on Tuesday July 28.

Demand was subdued because of the upcoming Eid Al-Adha religious holiday at the end of this week, which in turn kept prices steady.

Offer prices for hot-rolled coil (HRC) from India and China were heard in the UAE at $490 per tonne cfr. But buyers were bidding around $460 per tonne cfr, so no major deals...


Serife Durmus

July 28, 2020

15:00 GMT