UAE flat steel import prices decrease before national holiday

Most flat steel import prices to the United Arab Emirates decreased during the week ended Tuesday November 30, before the country’s National Day holiday, sources told Fastmarkets.

The UAE is celebrating National Day on December 1 and 2. And with the Islamic country’s weekend on December 3 and 4, market activity will only resume on Sunday December 5.
The flat steel buyers in the UAE believed that buying would improve after the holiday, because of low stock levels.
Saudi Arabia
India offered 2mm hot-rolled coil at $920-930 per tonne cfr Saudi Arabia, unchanged since last week, while China offered HRC at $850 per tonne cfr Saudi Arabia.

Taiwan sold 1.2mm HRC at $960 per tonne cfr during...

Published

Serife Durmus

December 01, 2021

14:18 GMT

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