GULF FLAT STEEL IMPORTS: Prices up on global trend, but local demand moderate

Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia have gone up over the past week because of globally strong demand, sources said on December 8.

The UAE was on national holidays on December 1-3, so buyers had only recently returned to the market.
But demand within the country was moderate because recent price increases had been too sharp for buyers to accept, and they wanted to wait and see if the increases would be permanent.
UAE

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