Most flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) decreased over the past week due to lower offers, sources said on Thursday December 27.
Demand was subdued because stock levels in the UAE are already high and the market wants to see how the steel market will be in 2019, sources told Fastmarkets MB. UAE Chinese offers for hot-rolled coil (HRC) into the UAE were around $520-525 per tonne cfr, but no...