Hot-rolled coil (HRC) import prices into the United Arab Emirates and Saudi Arabia fell this week, on continuing limited demand, sources told Fastmarkets on Tuesday September 17.
Buyers do not want to book big tonnages before prices hit bottom, they said. UAE Offer prices for hot-rolled coil (HRC) from China came in at $495 per tonne cfr this week, with offers for for India-origin material at $470 per tonne cfr. One buyer said $450-460 per tonne cfr was a workable price for HRC imports into the UAE from all sources. Fastmarkets' weekly price assessment for steel...