02
Jun
10:15
Saudi-origin deal deadlocks UAE wire rod market
Saudi Arabian mills have ramped up efforts to increase their finished long steel market share in neighbouring and overseas countries due to the sluggish local market since the beginning of this year, Kallanish notes.
A trading company in United Arab Emirates booked nearly 10,000 tonnes of wire rod from Saudi Arabia at around $565-570/tonne cpt UAE. It started offering the material in the retail market at around $575-580/t delivered to buyer's ya…
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Anonymous
Very good overview of the weekly steel market.
Anonymous