GULF FLAT STEEL IMPORTS: More price rises but demand remains thin

Some flat steel import prices in the United Arab Emirates and Saudi Arabia continued to increase this week, but demand was still weak, sources told Fastmarkets on Tuesday September 1.

No deals were heard during the week because buyers preferred to wait for prices to fall.
UAE
Offer prices for hot-rolled coil (HRC) from India were heard in the UAE at $535-540 per tonne cfr, and Saudi Arabian HRC was offered at $560-570 per tonne delivered to the UAE. China, meanwhile, offered HRC at $545 per tonne cfr UAE.

No bookings were heard...

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