Protected: Arab Steel Magazine March – April 2024
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April 30, 2024
Emirates Steel Arkan keeps rebar prices stable despite market challenges
Emirates Arkan Company announced that it will keep unchanged the prices of rebar for May production (10-40 mm) at 2,744 dirhams ($747) per ton CPT Abu Dhabi and 2,752 dirhams ($749) per ton CPT Dubai, Sharjah and the Northern Emirates. The above prices do not include 5% VAT. The factory’s decision to keep prices unchanged
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Saudi Iron and Steel Company announces rebar prices for May without change
Saudi Iron and Steel Company (Hadeed) has announced that it will maintain current prices for rebar and wire rod for its May output, marking the third consecutive month of price stability. The price of rebar (12-32 mm) will remain at 2,350 riyals ($626) per ton. While wire coils (6.5-16 mm) will continue to be offered
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HSBC: The average price of iron ore will exceed $100 in 2024
HSBC expects the average price of iron ore to rise above $100 per ton this year, despite the real estate crisis in China hurting the outlook for steel demand in the country. Howard Lau, an analyst at the bank, said: We do not expect a significant increase in iron ore production by the major producers,
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