UAE, Saudi Arabia flat steel importers watch for market reaction to India export duty

Flat steel importers in the United Arab Emirates and Saudi Arabia preferred to wait to see the market’s reaction to the export duties imposed on a variety of steel products by India during the week ending Tuesday May 24, sources told Fastmarkets.

India announced a 15% export duty on most finished steel products on May 21.

Steel importers in the UAE and Saudi Arabia preferred not to place any orders before seeing...


Serife Durmus

May 24, 2022

16:35 GMT