GULF FLAT STEEL IMPORTS: Limited demand keeps prices rangebound

Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia remained fairly stable over the past week amid limited demand, sources said on Tuesday October 13.

UAE
Offer prices for hot-rolled coil from Indian suppliers remained steady week on week at $525-535 per tonne cfr.
Market participants gave a workable price for India-origin HRC of around $525 per tonne, although no significant transaction was heard in the past week.

These market dynamics kept Fastmarkets' weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE at $525-530 per tonne on Tuesday, unchanged week...

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