Flat steel markets in UAE, Saudi Arabia remain very slow on lack of end-user demand

End-user demand for flat steel in the United Arab Emirates (UAE) and Saudi Arabia remained low during the week to Tuesday September 5, sources told Fastmarkets.

The main reasons for the weakened demand were the summer holiday season and uncertainty about price direction, sources added.

China offered hot-rolled coil at $575-585 per tonne CFR, compared...


Serife Durmus

September 05, 2023

16:10 GMT