Import prices for some flat steel products in the United Arab Emirates and Saudi Arabia decreased this week because of lower offer and deal prices, sources told Metal Bulletin on Tuesday July 10.
There is a liquidity shortage among some contractors, who are not receiving payments on time, sources said, while the seasonal slowdown continues.UAEMetal Bulletin's weekly price assessment for UAE imports of hot-rolled coil (HRC) was $610-630 per tonne cfr on July 10, falling from $615-640 per tonne cfr on July 3.China offered HRC to the UAE at $630...