Tag: Strait of Hormuz impact steel trade
-
UAE: Scrap prices soften w-o-w despite rising billet shortages, higher rebar offers
Domestic scrap demand thin, major grades witness limited trades EMSTEEL lifts June rebar prices after three consecutive roll-overs The UAE domestic scrap market remained soft in the week ending on 22 May as slow demand from major mills continued to weigh on fresh trades. On the other hand, elevated freight costs, and ongoing logistics disruptions…