Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have tumbled over the past seven days by $20-55 per tonne due to weak demand and lower offer and deal prices, sources told Fastmarkets on Tuesday November 20.
UAEAbout 5,000 tonnes of hot-rolled coil (HRC) from Ukraine was booked at $520-530 per tonne cfr.Chinese material, meanwhile, was on offer to the UAE at $510-520 per tonne cfr.No price was heard from India.Fastmarkets' weekly price assessment for HRC imports into the UAE was $510-530 per tonne cfr on November 20, down from $550-580 per tonne cfr.Cold-rolled coil (CRC) was...