18
Jan
14:00
UAE billet market awaits rebar price hike announcement
Merchant billet producers in United Arab Emirates are awaiting the February rebar price announcement and holding their offers. This Friday or early next week, the benchmark mill, Emirates Steel Arkan, is expected to surface its February-rolling rebar prices. Almost all sector participants expect a hike on January, but its extent remains uncertain, Kallanish notes.
Towards the end of last week, the benchmark mill, not typically a billet supplier, concluded a 150mm …
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Anonymous
Very good overview of the weekly steel market.
Anonymous