Flat steel import prices to UAE, Saudi Arabia fall further as buyers stand aside

Import prices for flat steel products brought into the United Arab Emirates and Saudi Arabia continued to decrease during the week ended Tuesday June 21, with buyers preferring to wait before placing orders, sources told Fastmarkets.

“Nobody wants to buy. They just postpone,” a market participant in the UAE said.
“People are reluctant to buy,” another added.

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Serife Durmus

June 22, 2022

15:58 GMT