28
Feb
13:31
GCC retail rebar prices increase, re-rollers withhold supply
Gulf Cooperation Council rebar end-use demand has increased, but some re-rollers are withholding supply claiming they have insufficient billet feedstock. Some have not released March-delivery rebar quotes, Kallanish notes.
In United Arab Emirates, rebar retail prices are increasing daily and by Monday reached AED 2,650/tonne ($721.5) for Emirates Steel (ESI) rebar and AED 2,620/t for non-ESI material. Some traders expect AED 30-50/t increases in the coming days, t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous