GULF FLAT STEEL IMPORTS: Quiet market expects new prices in UAE, Saudi Arabia

By Serife Durmus / January 02, 2018 / www.metalbulletin.com / Article Link

Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to wait for new prices to be announced before making any new purchases, sources told Metal Bulletin on Tuesday January 2.

There was no new price published after the New Year holiday, and the domestic markets in those countries were trying to get used to the imposition of 5% VAT on January 1, 2018.However, most buyers were expecting prices to increase.UAEHot-rolled coil (HRC) was on offer to the UAE at $590-630 per tonne cfr last week,...

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