Flat steel prices for imports into the United Arab Emirates and Saudi Arabia decreased during the week ended Tuesday June 29, but demand was better because of low stock levels, Fastmarkets was told.
Some market participants expected flat steel prices to increase because of Russia's recently proposed export duty.Hot-rolled coil has been offered at $940-950 per tonne cfr from China to Saudi Arabia, falling from offers at $1,000 per tonne cfr last week....