17
Apr
14:41
UAE rebar market awaits direction, anticipates drop
The United Arab Emirates rebar market has slowed in the last week of Ramadan, with the Eid holidays beginning on 21 April and running till 24 April.
Rebar consumers have minimised their rebar intake, anticipating a price fall by AED 73.5-92/tonne ($20-25) on April-delivery quotes. Traders are observing iron ore and coking coal prices sliding in China and scrap prices into Turkiye, Kallanish notes.
This week, rebar prices in the retail segment are down A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous