While flat steel offers from offshore sources to the
UAE have not changed, demand in the
UAE market has remained slack this week. It is reported that buyers in the
UAE are only concluding deals within the scope of meeting their urgent needs as they are anticipating that import offers will decline.
Hot rolled coil (
HRC) import offers to the
UAE are standing at $655/mt CFR, while hot rolled
plate (HRP) offers are still at $700/mt CFR, both for June shipments.