13
Mar
12:48
UAE rebar prices increase on mill hike anticipation
Rebar prices in the United Arab Emirates retail market have increased by nearly AED 50/tonne ($13.6) on-week due to the anticipation that mills will hike quotes for April deliveries. Demand is good in the domestic market, and cut-and-bend facilities are working at full capacity, which is a sign of the positive sentiment, Kallanish notes.
This week, prices in the retail segment for Emirates Steel Arkan (ESA) rebar are at AED 2,520-2,550/t, whilst non…
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Anonymous
Very good overview of the weekly steel market.
Anonymous