The flat steel import market in the United Arab Emirates and Saudi Arabia was in a state of uncertainty in the week to Tuesday March 9, with buyers expecting prices to rise because of high production costs, sources told Fastmarkets.
The main cause for concern was the prospect of an export tax rebate cut in China, which is one of the main exporters of flat steel to both countries.In addition, buyers in the UAE and Saudi Arabia already made several flat steel bookings last week,...