GULF FLAT STEEL IMPORTS: Prices up on rising raw material costs

Flat steel import prices in the United Arab Emirates have increased this week as suppliers raised their offer prices on costlier raw materials, market sources said on Tuesday December 10.

Offers for hot-rolled coil (HRC) from China were at $460-470 per tonne cfr UAE, while Indian and Japanese material was offered at $470-480 per tonne cfr UAE, according to the sources.
Some sources believed that there are offers as high as $500 per tonne cfr for material.

No new bookings were...

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