Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable over the past week as market participants waited for Chinese mills to put in new offer prices following the Lunar New Year holiday, sources told Fastmarkets on Tuesday February 12.
Demand was still weak because stock levels in the UAE were already high and buyers wanted to see which direction prices would move after the Lunar New Year holiday in China, they added.
UAEAsia-origin HRC...