Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) were mostly stable over the past week due to limited demand near year-end as well as high stocks, sources said on Tuesday December 18.
Demand was subdued because buyers expect prices to fall further and stock levels in the UAE are already high, sources told Fastmarkets MB. UAE Chinese offers for hot-rolled coil (HRC) into the UAE were at $525-530 per tonne cfr, with Russian offers for similar...