25
Sep
14:35
Retail price gap concerns UAE traders
United Arab Emirates' rebar traders and cut-and-bend facility officials are concerned about the gap in rebar prices between the benchmark and secondary mills' end-user quotes.
In the last 2-3 months, this gap has widened to AED 120-150/tonne ($33-41) from the acceptable level of AED 80-100/t. Some contractors have therefore shifted their rebar orders to secondary mill material. If the gap does not narrow, the rebar demand pull from projects will increase …
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Anonymous
Very good overview of the weekly steel market.
Anonymous