08
Jul
13:26
UAE benchmark mill pleases distributors with spot sales
The wide gap between benchmark mill Emirates Steel (ESI) and secondary mill wholesale rebar prices, and the narrowing gap in rebar retail quotes has led to unprofitable trading in United Arab Emirates. This has forced ESI to take action.
Last Thursday, rebar distributors – MoU-signed traders – and senior mill officials of ESI came together in a meeting, during which spot sales were opened by the benchmark mill. The condition is that rebar traders book …
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Anonymous
Very good overview of the weekly steel market.
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