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04 Sep

UAE rebar market awaits spot sales this week

United Arab Emirates wholesale market rebar sales for September delivery amounted to just over 200,000 tonnes, of which the benchmark mill, at almost 100,000t, satisfied 50% of the market share, 10-15% below its target. This week, the benchmark mill is expected to enter the market with a second round of bookings – spot sales – to increase its market share to 60-65% as part of its sales strategy actively launched in 2023. Based on the lowest deal price …
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Burak Odabasi  |  Turkey
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