Proposal to launch price assessment for UAE import light and medium steel sections S235-SS400

The UAE imports 8,000-10,000 tonnes per month of light and medium sections. The main sources of these imports are China, South Korea and India.

The principal consumers for imported sections are the warehousing and infrastructure sectors.

The proposed specifications for the assessed price will be as follows:

Steel sections (light and medium), S235-SS400, import, cfr Jebel Ali, UAE, $/tonne
Quality: light and medium sections S235-SS400
Quantity: Minimum 1,000 tonnes
Location: CFR Jebel Ali, UAE
Timing: 4-6 weeks
Unit: USD
Payment terms: CFR, LC, 90 days
Publication: Monthly, first Wednesday of the month, 2-3pm London time.

This price will be part of the Fastmarkets steel price package.

The consultation period for this proposed launch starts on Wednesday July 31 and will end on Wednesday August 28. The launch will take place, subject to market feedback, on Wednesday September 4.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Şerife Durmuş by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Şerife Durmuş, re: steel sections (light and medium), S235-SS400, CFR Jebel Ali, UAE.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology.