GULF FLAT STEEL IMPORTS: Prices nudge upward but market still uncertain

February 05, 2020 / www.metalbulletin.com / Article Link

Buyers were looking for clarity in the flat steel import markets in the United Arab Emirates and Saudi Arabia this week, with prices rising but uncertainty about the direction the market will take when the Chinese new year holiday break finishes.

Higher offers and deals were heard for flat steel imports, Fastmarkets heard on Tuesday February 4, but the market was unsure because buyers did not know when the Chinese new year will end.
The holiday was originally scheduled for January 25-31 but it has been extended to February 9, with restrictions on travel and transportation, in an attempt to contain the spread of the Wuhan coronavirus outbreak.
UAE

Offer prices...

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