Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have remained stable over the past week due to limited demand near year-end, sources said on Tuesday December 11.
Demand was subdued because buyers do not want to build up inventories before finalizing their year-end accounting procedures, they told Fastmarkets. UAE Chinese offers for hot-rolled coil (HRC) into the UAE were at around $525 per tonne cfr, while Russian offers for similar material were at...