21
Oct
14:54
Weak demand, oversupply keeps UAE rebar prices flat
United Arab Emirates steelmakers have kept their prices for November-delivery rebar flat on-month, as the local market continues to suffer from a combination of weak demand and oversupply, UAE sources tell Kallanish.
Abu Dhabi-based integrated steelmaker Emirates Steel (ESI) and Dubai-based re-roller Conares have retained prices of AED 1,737/tonne ($473) and AED 1,735/t ex-works respectively. This follows a reduction of almost $60/t a month ago, precipitate…
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Anonymous
Very good overview of the weekly steel market.
Anonymous