20
Nov
14:57
UAE rebar mills hike prices as demand improves
Abu Dhabi-based Emirates Steel has increased its rebar price for the domestic market by AED 132/tonne ($36) on-month for December deliveries to AED 1,785/t ($486) ex-works. This more than offsets the AED 85/t on-month drop for November deliveries.
Besides the increase in international scrap and billet prices over recent weeks, the rebar price hike has been driven by improved market conditions in United Arab Emirates. “Business is a bit better,” a Dub…
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Anonymous
Very good overview of the weekly steel market.
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