Most flat steel import prices in the United Arab Emirates and Saudi Arabia have been stable over the past week, although demand increased slightly in the UAE, sources told Metal Bulletin on Tuesday September 18.
Some small deals were heard in the southern Gulf state, but buyers preferred to avoid booking big quantities.Market participants were expecting prices to fall because demand has been weak for a long time.UAEHot-rolled coil (HRC) was offered at $605-620 per tonne cfr from China and at $610 per tonne cfr from India.One buyer was bidding $600 per tonne...