Some of the prices for flat steel products imported into the United Arab Emirates (UAE) increased slightly on higher offers in the week to Tuesday September 3, with demand yet to recover because buyers want to see if price increases will be accepted in global markets.
Prices decreased last week but offers are now higher, with buyers noting that there is not enough demand for buying to increase significantly. UAE Offers on imports of hot-rolled coil from China to the UAE were heard at $490 per tonne cfr, up from $480 per tonne cfr last week. India was offering HRC at $480 per tonne cfr for HRC to the UAE, down from...