Most buyers of flat steel in the United Arab Emirates and in Saudi Arabia preferred to delay their purchasing this week because they had enough stocks and they expected discounts, sources told Metal Bulletin on Tuesday January 30.
UAEHot-rolled coil (HRC) was offered at $600-610 per tonne cfr from China, while buyers were bidding $590-595 per tonne cfr.India offered the product at $610-620 per tonne cfr.Metal Bulletin's weekly price assessment for UAE HRC imports was $595-610 per tonne cfr on January 30, rising from $590-600 per tonne cfr."The market is very quiet this week [because]...