Although flat steel demand in the
UAE is not so great, import offer prices to the country have shown some increases recently.
SteelOrbis has learned that Saudi Arabian hot rolled coil (
HRC) offers to the
UAE market are currently standing at about 720-730/mt CFR.
In the meantime, Chinese
HRC offers to
UAE are at $620/mt FOB, while there have not been any import offers from
India, as Indian producers are fully booked for March production.