10
Jan
14:02
Bearishness surprises UAE rebar market participants
United Arab Emirates rebar market sentiment is bearish, Kallanish notes. Trader and mill officials are unhappy about rebar prices as they leave little margin. Low consumption in the retail segment is keeping distributors’ stocks high and creating a bottleneck in sales down the supply chain.
“The market has dried up; no big projects were announced or awarded in the last two or three months. We are hearing only villa projects,” a trader explains. &…
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Anonymous
Very good overview of the weekly steel market.
Anonymous