GULF FLAT STEEL IMPORTS: Decreasing offer prices lead buyers to refrain from booking

October 06, 2021 / www.metalbulletin.com / Article Link

Flat-rolled steel import prices to the United Arab Emirates and Saudi Arabia decreased further during the week ended Tuesday October 5 and buyers preferred to refrain from booking until prices stop falling.

End-user demand was still weak in both countries and stock levels were enough for the time being, sources said.
Saudi Arabia
India offered hot-rolled coil at $930-940 per tonne cfr, down from $950-980 per tonne cfr last week.
Buyers indicated the workable price at $910-920 per tonne cfr for Indian HRC.
No major deals were heard.

Fastmarkets'...

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