29
Aug
14:06
UAE re-rollers struggle to meet lower bids
United Arab Emirates end users are pushing for rebar price decreases in the retail segment. Some UAE re-rollers as well as Oman integrated mill Jindal Shadeed are however unwilling to match traders’ lower bids.
Bids for September-delivery rebar are at as low as AED 2,050-2,070/tonne ($558-564) delivered on letter-of-credit at sight 90 days basis. High humidity in UAE is raising concern about the risk of decolourisation of material in stock. Tr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous