05
Dec
12:33
UAE retail rebar hikes, market expects Shadeed acquisition
Rebar retail prices have improved in United Arab Emirates on re-roller Hamriyah's absence from the market in December due to delayed billet feedstock delivery, as well as rising global scrap and iron ore prices, Kallanish learns.
Due to UAE National Day, the markets were closed for four days starting last Thursday. On Monday, rebar in the retail segment was offered after an increase of AED 20-30/tonne ($5.4-8.2) on-week to AED 2,275-2,300/t for Emira…
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Anonymous
Very good overview of the weekly steel market.
Anonymous