18
May
17:57
UAE rebar mills maintain prices, demand very weak
United Arab Emirates mills have kept their rebar prices for the domestic market stable on-month at AED 1,689.5/tonne ($460) ex-works for June deliveries. The market is suffering, with demand down at least 50% from normal due to Ramadan and the Covid-19 pandemic, local supply- and buy-side sources tell Kallanish.
“It has to get better – business is down 50%,” laments a Dubai-based trader. “You can say demand is down 75%,” counters a re…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous