GULF FLAT STEEL IMPORTS: HRC prices increase, demand moderate

Hot-rolled coil import prices in the United Arab Emirates and Saudi Arabia continued to increase this week while demand was moderate, sources told Fastmarkets on Tuesday August 18.

Buyers said they preferred to postpone booking because the recent price increases were too sharp and they expected some correction.
Additionally, some buyers were in no rush to secure deals after bookings were made last week.
UAE
Offer prices for HRC from India were heard in the United Arab Emirates at $540-550 per tonne cfr, up from $525-535 per tonne cfr last week, sources said.

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