Flat steel import prices into the United Arab Emirates and Saudi Arabia remained stable this week on continuing limited demand, sources told Fastmarkets on Tuesday October 1.
Buyers did not want to book large tonnages before prices hit a market bottom and end-user demand began to improve, they said.UAEOffer prices for hot-rolled coil (HRC) from China were heard at $450-460 per tonne cfr this week, with offers of India- and Japan-origin material at $460 per tonne cfr.One deal for about 1,000 tonnes...