17
Jan
14:34
UAE rebar bearishness continues, export deal heard
United Arab Emirates domestic rebar market sentiment is low and does not encourage sector participants, Kallanish notes.
“It could be better; however, it is very low. Given the fact Emirates Steel [ESI] is going to announce its February-delivery rebar prices next week, rebar transactions are expected to be low this week,” says a UAE trader.
“We expect rebar prices will roll over next week,” opines a senior mill official. “T…
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Anonymous
Very good overview of the weekly steel market.
Anonymous