GULF FLAT STEEL IMPORTS: Deals made despite rise in most prices

Most prices for flat steel imported into the United Arab Emirates and Saudi Arabia increased during the week ended Tuesday June 15, with several deals heard, sources have told Fastmarkets.

Demand was moderate in the region for flat steel products but the new deals were expected because most users have low stock levels, the sources added.
Saudi Arabia
Hot-rolled coil was offered at $1,000 per tonne cfr from China, close to the offer prices at $1,000-1,005 per tonne cfr last week.
India offered HRC at $1,040-1,050 per tonne cfr, falling from offers at $1,060-1,080 per tonne cfr last week.

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