08
Nov
14:21
Low rebar sales weigh on UAE billet tags
Billet prices in the United Arab Emirates are falling due to low rebar sales by secondary rebar re-rollers, notes Kallanish.
Last week, the UAE benchmark mill swept the rebar market after it allowed its buyers to book additional quantities of rebar at discounted prices. This limited other rebar suppliers to selling 60-70% of their monthly volumes in the local market.
This week, induction furnace-route billet producers have inched down their rebar-grade bill…
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Anonymous
Very good overview of the weekly steel market.
Anonymous