Flat steel import prices fall in UAE, Saudi Arabia despite new deals

Most prices for flat steel imports into the United Arab Emirates and Saudi Arabia decreased during the week ending Tuesday November 23, with several deals made during the period, sources told Fastmarkets.

Stock levels were low in both countries so buyers placed orders.
“Demand is moderate but end-users need material, so I expect more bookings to be made soon,” one UAE source said.
Saudi Arabia
India offered 2mm hot-rolled coil at $920-930 per tonne cfr Saudi Arabia. And Taiwan offered 1.2mm HRC at $960-970 per tonne cfr, which would normalize to $920-930 per tonne cfr for 2mm HRC.

China offered HRC at...

Published

Serife Durmus

November 23, 2021

17:45 GMT

Bursa