Influenced by the approach of Ramadan which starts this year in mid-July, flat steel demand in the
UAE market has remained fairly poor this week. It is reported that buyers in the
UAE are planning to restrict their flat steel purchases within the scope of meeting their urgent needs until after Ramadan.
Hot rolled coil (
HRC) import offers to the
UAE are standing at $655/mt CFR, while hot rolled
plate (HRP) offers are at $700/mt CFR, both for June shipments.