GULF FLAT STEEL IMPORTS: Low demand keeps prices broadly steady

Hot-rolled coil import prices in the United Arab Emirates inched upward this week while hot-dipped galvanized coil prices narrowed downward, but demand was moderate, sources told Fastmarkets on Tuesday July 7.

Market participants wanted to wait to see whether prices would fall because of the weak demand.
UAE
Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr, but buyers said that price was not workable.
India offered HRC at $450 per tonne cfr, while buyers were bidding $440 per tonne cfr UAE during the week.

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