Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have decreased slightly over the past seven days due to weak demand and lower offer and deal prices, sources told Fastmarkets on Tuesday November 27.
Demand remained poor because buyers did not wish to build inventory before finalizing their year-end accounting procedures. Prices could continue to fall, sources said, but this may depend on a renewal of exports from China and the prices of the products involved.UAEHot-rolled coil (HRC) was on offer from China to the UAE at $510 per tonne cfr while Ukraine was offering the product at $520 per tonne cfr.Saudi Arabia offered HRC at...