The prices for flat steel products imported into the United Arab Emirates have been stable over the past week with levels of demand remaining low but consistent, Fastmarkets heard on Tuesday March 26.
Demand among end-users has been weak, so buyers were unwilling to place orders for large tonnages, sources told Fastmarkets.In addition, some market participants were expecting prices to come down because China will decrease the rate of its value added tax to 13% from the current 16% on April 1.UAEChina-origin hot-rolled coil (HRC) was on offer to the UAE this week at around $550-560 per tonne cfr, while Japan was offering the material at...