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15 May

UAE retail rebar keeps sliding, June-delivery drop anticipated

Rebar prices have fallen again in the United Arab Emirates retail market. This week, on a credit basis of 90-120 days, the benchmark mill's rebar is available at around AED 2,450/tonne ($667), whilst secondary mills’ rebar is at AED 2,340-2,350/t ($637-640), delivered to buyer's yard. End-users have lowered their rebar purchases for short-term consumption, expecting rebar prices may fall further. Traders buying from mills meanwhile decreased their …
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Burak Odabasi  |  Turkey
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