GULF FLAT STEEL IMPORTS: Rising raw material costs support steady prices

Flat steel import prices in the United Arab Emirates and Saudi Arabia remained stable in the seven days to Tuesday September 15 due to a combination of limited demand and relatively high raw material prices.

Most market participants said they believe prices will remain stable or increase further in the coming days, supported by the raw material costs.
Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was $142.80 per tonne on Tuesday, rising from $139.40 per tonne on September 9 and $137.60 per tonne on September 1.

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Serife Durmus

September 15, 2020

16:15 GMT