11
Oct
11:36
Iranian rebar prices slip, Iraq awaits election results
Sustainable and adequate electricity supply that boosted capacity utilisation in Iran pulled down rebar domestic prices due to oversupply. Retail buying appetite is low, but wholesalers continue to buy for stocking within the expectation of price increases in line with global trend, notes Kallanish.
A rebar deal for 2,500 tonnes destined to Syria was concluded. The trader purchasing the 10-32 mm diameter A3 grade rebar and sold it via Iraq with trucks at $550…
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Anonymous
Very good overview of the weekly steel market.
Anonymous