23
May
15:54
Gulf Cooperation Council retail and wholesale rebar markets are subdued, with mills yet to announce June-delivery rebar prices. The announcements will remove uncertainty, as an inevitable downward price correction is anticipated but its extent unknown, Kallanish observes.
In United Arab Emirates, end users are buying only for 2-3 days’ requirement, which is typical in the days preceding monthly price announcements.
The domestic benchmark mill is delaying it…
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Burak Odabasi
Turkey
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