09
Aug
16:10
UAE rebar mills discount prices on weak demand
United Arab Emirates rebar mills have discounted 8-32mm domestic rebar prices this week to AED 2,650-2,752/tonne ($721.5-749/t) ex-works due to subdued demand, Kallanish notes.
Despite slowing activity in the construction business and infrastructure projects amid the hottest month of the year, the size of this week's price decrease has surprised market participants. One terms the situation “a fight over a small cake”.
Two weeks ago, ESI decre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous