UAE, Saudi Arabia flat steel import price decreases continue on weak demand

Flat steel import prices in the United Arab Emirates and Saudi Arabia continued to decrease during the week ended Tuesday December 7 amid weak demand, sources told Fastmarkets.

The UAE celebrated its National Day from December 1-2 and resumed work on December 5.
No flat steel import deals to the country were heard during the short work week.
Also contributing to the lack of deals were expectations of price decreases among most buyers due to falling prices in China.
Despite having low stock levels, buyers preferred to wait for signs on the direction of prices, sources told Fastmarkets.
Saudi Arabia

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Published

Serife Durmus

December 07, 2021

19:20 GMT

Bursa, Turkey