14
Feb
11:33
Export deals to indicate GCC’s March rebar prices
Recent rebar export deals concluded by Gulf Cooperation Council mills will be a benchmark for March-delivery rebar quotes in the domestic market, Kallanish notes.
“In March, there could be a rebar shortage in UAE and Oman,” opines a senior trader. “The largest-capacity integrated mills in Bahrain, UAE, Oman and Qatar have rebar-billet export commitments for large quantities. Their most recent [rebar] deals have been concluded at $725-735/ton…
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Anonymous
Very good overview of the weekly steel market.
Anonymous