15
May
14:08
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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Anonymous
Very good overview of the weekly steel market.
Anonymous