Demand for import HRC remains weak in UAE

According to market sources, demand for hot rolled coil (HRC) imports in the United Arab Emirates (UAE) is still on the weak side, while Taiwanese, Chinese and South Korean HRC offers to the country have decreased by $10/mt over the past two weeks to $275-290/mt CFR, for December production. UAE-based traders state that they are trying to reduce their inventories amid year-end issues, while the antidumping (AD) duty investigation initiated by the US against imports of steel pipe from five countries, including the UAE, has also negatively affected UAE-based buyers’ demand for HRC.