GULF FLAT STEEL IMPORTS: Prices edge down on limited demand

Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia mostly edged down over the past week amid limited demand, sources said on Tuesday October 20.

UAE
Offer prices for hot-rolled coil from suppliers in India remained steady week on week at $525-535 per tonne cfr, with market participants putting the workable price for India-origin HRC at around $520-525 per tonne, although no significant transactions were heard over the past week.

Fastmarkets' weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE was $520-525 per tonne on October 20, down from...

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