“If the prices will increase is not the question,” a trader said, “[but rather] by how much will prices increase?”
Rebar producers in the UAE are expected to announce new prices soon and
buyers have been in wait-and-see mode since early February, in anticipation of higher prices because of increases in global raw materials and billet costs.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20...
