27
Oct
17:25
Surging scrap boosts UAE re-rollers' margins
United Arab Emirates rebar re-rollers have in recent weeks been enjoying a spell of good demand and profit margins on their sales, as the surge in scrap has priced Turkish competitors out of the market, various sources tell Kallanish.
In the last four weeks scrap import prices into Turkey have risen around $30/tonne to $236/t cfr Turkey for the latest US-origin deal. This has pushed up Turkish mills’ rebar quotes to UAE by around $40/t to $400/t cfr Dubai …
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Anonymous
Very good overview of the weekly steel market.
Anonymous