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...

Recent News

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok