Flat steel import prices in the United Arab Emirates and Saudi Arabia have fallen over the past week, with demand remaining limited, sources told Fastmarkets on Tuesday October 23.
UAE Hot-rolled coil from Russia was on offer to the UAE at $560-565 per tonne cfr, with one buyer bidding $550 per tonne cfr. Egyptian material, meanwhile, was on offer to the UAE at $585 per tonne cfr, with a deal for 2,000-3,000 tonnes of 1.2mm HRC heard at $640 per tonne cfr.And Saudi Arabia was offering HRC at $580-590 per tonne cfr to the UAE, while Taiwanese HRC was on offer...