18
Mar
14:11
UAE rebar market eyes rollover to ease uncertainty
Construction companies in the United Arab Emirates have halved their rebar purchase volumes in anticipation of a price drop to align with the fall in Chinese futures. On the other hand, cfr scrap prices in Turkey have stabilised, which is deemed a positive sign.
Rebar traders are carrying rebar overstocks from the benchmark mill, while secondary rebar stocks are limited. Traders anticipate the benchmark mill to announce a rollover for its April rebar price this w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous