This week, flat steel prices in the UAE domestic market have remained stable as compared to last week, while sluggishness in demand has continued. Even though more positive atmosphere is hoped in the UAE market, where the prices are not expected to register any significant declines other than some slight softening, demand has not provided any support for the market.
In the UAE domestic market, traders are still offering hot rolled coil (HRC) at $590-610/mt, cold rolled coil (CRC) at $700-720/mt, while their hot dip galvanized (HDG) coil prices are standing at $800-805/mt, all for deliveries to customers, for advanced payments and for October shipments.
On the other hand, HRC import offers from China to the UAE are still standing at $560-570/mt CFR Dubai, while plate import offers are at $580-595/mt CFR Dubai. Both prices, which exclude VAT, are for advance payment and for November and December shipments.