19
Jun
13:55
UAE rebar sales slow, retail prices drop
Secondary mills’ rebar prices in the United Arab Emirates retail market have dropped since last Thursday, resulting in a decline in sales volumes.
On a credit basis, the UAE benchmark mill's rebar quotes in the retail market are holding up at AED 2,380-2,400/tonne ($648-654), while secondary mill product has slid to AED 2,200-2,230/t, both delivered. Against cash payment, some traders are offering an AED 20/t discount from the credit-basis quotes, t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous