GULF FLAT STEEL IMPORTS: Price moves vary on low activity before holiday

Flat steel import prices into the United Arab Emirates and Saudi Arabia moved both up and down during the week ended Tuesday July 13 because of global price fluctuations, with market activity soft during the week before the Eid al-Adha religious holiday, sources told Fastmarkets.

The Islamic Eid al-Adha holiday was expected to start next week.
HRC prices from China have been decreasing recently as well.
Fastmarkets' steel hot-rolled coil index, export, fob main port China, was calculated at $905 per tonne on July 13, rising from $858.07 per tonne on July 6.
Saudi Arabia
India offered HRC at $980-990 per tonne cfr during the week, rising from offers at $980-990 per tonne cfr last week.

China offered similar product...

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