GULF FLAT STEEL IMPORTS: Prices firm on market hopes of end to Covid-19 outbreak in region

Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia remained firm over the past week in the expectation that the region will soon recover from the Covid-19 outbreak, sources told Fastmarkets on Tuesday June 23.

UAE
Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $460-470 per tonne cfr, while offers from India came in at around $450 per tonne cfr.

No significant bookings were heard over the past week, however.
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