Flat steel import prices to the UAE and Saudi Arabia decrease; buyers hesitant to book

Import prices for flat steel into the United Arab Emirates and Saudi Arabia decreased during the week ending Tuesday May 30. Buyers were hesitant to book material because of the upcoming holiday season and price decreases, sources told Fastmarkets.

Summer months are usually slow in terms of steel consumption in both countries, and buyers prefer to postpone their orders until prices start falling.

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Serife Durmus

May 30, 2023

16:56 GMT

Bursa, Turkey