Some flat steel import prices in the United Arab Emirates and Saudi Arabia have increased over the past week, but demand has remained soft, sources said on Tuesday January 29.
Demand was subdued because stock levels in the UAE were already high and buyers wanted to see which direction prices would move after the Lunar New Year holiday in China, sources told Fastmarkets.UAEIndia-origin HRC was on offer to the UAE at around $510-520 per tonne cfr, but no major deals were...