29
Aug
11:43
Lower UAE rebar slashes quotes in Kuwait, Bahrain
Rebar markets in Kuwait and Bahrain are frozen after rebar prices fell drastically in United Arab Emirates following Emirates Steel’s September-delivery quota announcement last Thursday. Retail market transactions are at a minimum, and end-users are waiting for new reduced quotes, Kallanish notes.
In Bahrain, retail rebar prices started the week at BD 270/tonne ($718) delivered. However, UAE-origin September-delivery rebar is heard offered at BD 24…
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Anonymous
Very good overview of the weekly steel market.
Anonymous