28
Nov
08:42
United Arab Emirates-origin rebar offers for December rolling have fallen to $615/tonne delivered to Bahrain, with a $25/t premium for 8mm diameter, payable against letter of credit for 60 days.
The ex-mill price in UAE is the same, but an additional $20 premium is incurred for 18 and 40mm sizes, meaning the seller covers the transportation cost equating to nearly $35-40/t. Traders in Bahrain were informed last week and rebar prices in the Bahraini retail market s…
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Burak Odabasi
Turkey
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