Ex-India HDG offers to the UAE

Ex-India HDG offers for 0.5 mm gr/m² zinc coated material to the UAE are currently at $730-740/mt CFR UAE for September production. Dubai traders only accept these levels if they find customers in the local market that will buy at higher levels. However, no such local demand has been observed so far. According to one trader from Dubai, traders are showing great caution and are hesitating to order material if they have no customers lined up.