Flat steel import prices in the United Arab Emirates and Saudi Arabia have been mostly stable over the past week, with demand remaining poor, sources told Metal Bulletin on Tuesday September 4.
Late August was the Islamic Hajj and Eid al-Adha religious celebrations and holidays in the Gulf region. Demand has remained low since then, with buyers waiting for prices to fall.UAEHot-rolled coil (HRC) was offered at $600-605 per tonne cfr from China but buyers were bidding $580-590 per tonne cfr. No new price was...