14
Feb
15:02
UAE billet buyers face prompt supply challenge
Driven by robust rebar demand, rebar re-rollers in the United Arab Emirates are seeking prompt billet delivery and are ready to pay a $50-$10/t premium, notes Kallanish.
Few deals for rebar grade billets have been signed by UAE rebar re-rollers since the end of last week. Two rebar re-rollers booked prompt shipment rebar grade billets from local induction furnace route producers for a combined tonnage of 8,000 tonnes at $555-560/t delivered, while ex-Oman electric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous