GULF FLAT STEEL IMPORTS: Prices steady as demand stays soft

Most import prices for flat steel in the United Arab Emirates and Saudi Arabia have remained stable over the past seven days, with demand still weak, sources told Fastmarkets on Tuesday September 22.

Most market participants believed that prices would remain steady or perhaps decrease further in the next few days because of softening Chinese demand.
Fastmarkets’ daily steel hot-rolled coil index, export, fob main port China, was $509.34 per tonne on September 22, falling from $516.57 per tonne on September 16.

Offer prices for hot-rolled coil (HRC) from India were heard in the UAE at $540-550 per tonne cfr this week, but no...


Serife Durmus

September 22, 2020

16:30 GMT