15
Jan
12:12
UAE project sales narrow prime-secondary rebar price spread
The benchmark mill in the United Arab Emirates has narrowed the price spread between its material and secondary mills. This comes after it concluded last week rebar sales to its MoU-signed customers, limited to 50% of their quotas under project sales, at AED 2,200-2,240/t ($599-610) net ex-mill on a 90-day LC basis.
Its January-delivery list price was settled at AED 2,680/t ($730) ex-mill on LC 90 days, with a year-end rebate. Secondary mills concluded rebar agree…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous