Prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have remained stable over the past week due to demand being limited by the start of the Islamic holy month of Ramadan, sources told Fastmarkets on Tuesday May 7.
End-user demand has been poor recently, with buyers unwilling to book material because the market was not expected to improve any time soon.And Ramadan started this week, when business normally slows down, and this will put further limits on demand.UAEChina-origin hot-rolled coil (HRC) was on offer to the UAE this week at around $550-560 per...