03
Mar
14:20
GCC rebar, billet offers skyrocket, retail jumps
Gulf Cooperation Council long steel markets are seeing unprecedented volatility, with some billet producers suspending offers and adopting a wait-and-see policy amid the Ukraine war impact, Kallanish understands.
In United Arab Emirates, re-roller Conares is offering rebar at AED 3,050/tonne ($830) ex-mill to the domestic market, on a “take it or leave it” basis. The company concluded last Friday a 10-40mm diameter rebar March-shipment export deal for…
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Anonymous
Very good overview of the weekly steel market.
Anonymous