GULF FLAT STEEL IMPORTS: Prices stable, weak demand continues

May 29, 2019 / www.metalbulletin.com / Article Link

Prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have remained stable over the past week due to limited demand amid the observance of the Islamic holy month of Ramadan, sources told Fastmarkets on Tuesday May 28.

The observance of Ramadan among Muslim communities typically results in shorter working days and reduced demand for materials. Ramadan began earlier this year in May and is estimated to end around June 4.End-user demand for flat steel has been poor in the Middle East region recently, with buyers unwilling to book material because the market is not expected to improve any time soon.The last 10 days of Ramadan are the holiest days of the holy month for Muslims, so many Muslims have not been working since...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok