GULF FLAT STEEL IMPORTS: High stock levels keep demand low, prices down

January 03, 2019 / www.metalbulletin.com / Article Link

Some flat steel import prices in Saudi Arabia and the United Arab Emirates have gone down over the past week on lower offers, sources said on Wednesday January 2.

Demand was subdued because stock levels in the UAE were already high and the market wanted to see how the steel market would move early in 2019, sources told Fastmarkets.UAEChinese offers of hot-rolled coil (HRC) into the UAE were priced around $520-525 per tonne cfr, but...

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