29
May
13:19
UAE benchmark mill offers compensation, mills lower quotes
Secondary mills in United Arab Emirates and Oman’s Jindal Shadeed have issued their June-delivery rebar prices for the UAE domestic market at AED 2,210-2,260/tonne ($602-615) delivered on a 90-day letter-of-credit at sight basis. However, stockists’ bids are at around AED 2,200/t ($600) delivered on 90 days credit.
Despite consecutively sliding prices, demand from traders persisted. This convinced the UAE’s benchmark mill to offer AED 92/t (…
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Anonymous
Very good overview of the weekly steel market.
Anonymous