16
Aug
14:03
MENA rebar demand, prices remain depressed
United Arab Emirates mills have kept 8-32mm domestic rebar prices more or less unchanged this week after discounting them to AED 2,650-2,752/tonne ($721.5-749/t) ex-works last week due to low demand. Buyers however anticipate more discounts.
This week, transaction prices are expected to vary from AED 2,650-2,750/t ($721.5-$742/t).
Buyers are showing little intention to make a deal since they anticipate Emirates Steel will announce September-delivery prices by the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous