GULF FLAT STEEL IMPORTS: Most prices slide on soft demand

August 11, 2021 / www.metalbulletin.com / Article Link

Most prices for steel import into the United Arab Emirates and Saudi Arabia decreased during the week ended Tuesday August 10 because of weak demand, sources told Fastmarkets.

The main reasons for the poor level of demand was said to be the holiday season, as well as the fact that buyers wanted to see prices reach a bottom before placing orders.
Saudi Arabia
India offered hot-rolled coil at $960-980 per tonne cfr to Saudi Arabia, down from offers at $980-990 per tonne cfr last week.
https://www.metalbulletin.com/Article/4001625/Search-results/GULF-FLAT-STEEL-IMPORTS-HRC-HDG-prices-down-demand-still-slow.html

But buyers were bidding...

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