Flat-rolled steel import prices in the United Arab Emirates and Saudi Arabia increased further during the week ended Tuesday May 18, but demand has yet to improve due to limited market activity after the Eid Al-Fitr holiday, sources told Fastmarkets.
The Eid holidays ended on May 17 and stock levels are low in the countries, so buying is likely to improve soon, sources added.Fastmarkets' weekly price assessment for steel HRC, import, cfr Saudi Arabia was $1,000-1,100 per tonne on May 18, up by 5.00% from...