The
UAE flat steel market has been witnessing sluggish demand, while quotations have remained unchanged since last week. Meanwhile, current flat steel product prices have failed to find buyers in the
UAE as most market players have left for their holidays. The slackness in the market is also expected to last during Ramadan.
In the
UAE domestic market, traders are still offering hot rolled coils (
HRC) at $650-670/mt, cold rolled coil (
CRC) at $770-790/mt, while their hot dip
galvanized (HDG) coil prices are standing at $850-870/mt, all for deliveries to customer in August for advanced payments.
On the other hand,
HRC import offers to the
UAE are still standing at $610-620/mt CFR Dubai, while
plate import offers are at $650-660/mt CFR Dubai, both for August shipments.