SteelOrbis has learned from market sources that flat steel demand in the
UAE has remained steady, though transactions are for smaller tonnages.
Chinese hot rolled coil (
HRC) offers to the
UAE have increased lately, reaching $700-740/mt CFR depending on the thickness of material and on the producer, while Indian flat steel mills'
HRC offers to the country are at $680-690/mt FOB. In previous weeks,
Iran's
HRC sales price for the Middle Eastern markets was at $620/mt FOB.
The
UAE market is waiting to receive new
HRC offers from Russian and Ukrainian producers.