The prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have fallen this week on continuing limited demand, sources told Fastmarkets on Tuesday September 24.
Buyers did not want to book big tonnages before prices hit bottom, they said.UAEOffer prices for hot-rolled coil (HRC) from China were heard at $450-460 per tonne cfr this week, with offers of India- and Japan-origin material at $460 per tonne cfr.No deals were heard because buyers expected further price falls.Fastmarkets' weekly price assessment for steel HRC, import, cfr...