Flat steel import prices in the United Arab Emirates and Saudi Arabia either held steady or decreased this week because of lower offer prices, sources told Metal Bulletin on Tuesday July 3.
Construction activity is very low in the region because of seasonal summer effects, market participants said, with demand unlikely to improve before August.UAEMetal Bulletin's weekly price assessment for UAE imports of hot rolled coil (HRC) was unchanged at $615-640 per tonne cfr on July 3.China offered HRC at $620-625 per tonne cfr to the...