18
Oct
13:18
Re-rollers struggle with margins in UAE rebar market
The rebar retail market in United Arab Emirates started the week strongly, Kallanish notes.
8-40mm diameter rebar retail prices have inched up to AED 2,450/tonne ($667) for non-Emirates Steel (ESI) and AED 2,510-2,530/t ($683-689) for ESI rebar, both delivered. Last week, non-ESI rebar was sold at AED 2,320-2,340/t, whereas ESI rebar was traded at AED 2,410/t delivered. Payment is 120 days after the invoice date and prices are based on theoretical weight…
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Anonymous
Very good overview of the weekly steel market.
Anonymous