27
Sep
14:23
GCC rebar markets await new prices, decline expected
The largest, price-setting mills in United Arab Emirates and Saudi Arabia will announce their October-delivery domestic market prices this week, with most sources expecting a decline. This has brought rebar transactions to their lowest level of the month so far.
In UAE, stockists, mills and end users are all waiting until Emirates Steel announces its October-delivery prices, notes Kallanish.
ESI has been offering September-delivery rebar at AED 2,610/tonne ($710)…
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Anonymous
Very good overview of the weekly steel market.
Anonymous