16
Jun
12:14
GCC mills conclude rebar deals, prices shrink
Gulf Cooperation Countries mills' have concluded rebar deals in the last 10 days with shrinking prices, Kallanish notes.
This week, United Arab Emirates' mill concluded a rebar deal destined to Singapore for 50,000 tonnes heard at $645-650/t fob UAE theoretical weight, for August shipment equating $690-695/t cfr Singapore. However, last week, an Omanese mill committed to a 25,000t volume rebar deal, almost $10/t higher for the same destination at $658…
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Anonymous
Very good overview of the weekly steel market.
Anonymous