23
Aug
13:25
MENA rebar activity low, lower prices expected
In the United Arab Emirates market, 8-40mm domestic rebar transaction are more or less level on-week this week at AED 2,600-2,710/tonne ($708-738/t) ex-works. This includes values of UAE sales by Omani mills.
Traders, stockists and re-rollers anticipate Emirates Steel will announce September-delivery prices this week to give direction to sector participants. The reduction in scrap and iron ore prices has increased doubt and pessimism among market players, one says…
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Anonymous
Very good overview of the weekly steel market.
Anonymous