03
Jun
14:15
UAE distributors register increased offtake by end users
United Arab Emirates rebar traders are seeing increasing rebar offtake, following a surge in enquiries, but this has not yet translated into retail prices elevating. However, traders expect this to happen next week, notes Kallanish.
As of this week, retail quotes for rebar delivered on credit remain unchanged. For benchmark mill material, prices are in the range of AED 2,330-2,370/tonne ($634-645), at an average of AED 2,350/t. For secondary mill rebar, prices are…
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Anonymous
Very good overview of the weekly steel market.
Anonymous