Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to wait for prices to stop coming down before they placed any new orders, sources told Fastmarkets on Tuesday September 21.
Most imported flat steel prices to the two countries have decreased during the past week, because of lower offer prices. End-user demand remained weak because of the lack of big new projects, sources added.India offered hot-rolled coil to Saudi Arabia at $950-980 per tonne cfr, down from last week's offers...