06
Dec
15:52
UAE rebar demand slows on price drop expectations
In United Arab Emirates, traders are holding back from purchasing this week amid lower demand and expectations of prices falling for January deliveries, in line with falling raw materials values, Kallanish notes.
Mills continue accepting rebar orders, and December consumption is expected to finalise at 170,000-175,000 tonnes, versus earlier estimates of 190,000-200,000t when Emirates Steel (ESI) rolled over last month.
ESI is quoting 12-32mm diameter rebar for De…
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Anonymous
Very good overview of the weekly steel market.
Anonymous