GULF FLAT STEEL IMPORTS: Demand backs off before religious holiday

Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable this week with demand being moderate, sources told Fastmarkets on Tuesday July 14.

Demand was subdued because of the upcoming religious Eid Al-Adha holiday at the end of July.
UAE
Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr, but buyers said that price was not workable.

India offered HRC at $450 per tonne cfr, and one deal for about 25,000 tonnes was made at $438-440 per tonne cfr from India to...

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