Flat-steel import prices in the United Arab Emirates and Saudi Arabia increased although demand was weak, sources told Fastmarkets on Tuesday June 16.
No deals were heard during the week.
UAE
Offer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr, while one buyer believed $450 per tonne cfr is a workable price for Chinese HRC - but no deals were heard.
India offered HRC at $430-440 per tonne cfr last week, but no new prices were heard this week.
Fastmarkets'...