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| UAE buyers undeterred by spike in Turkish rebar offers - 10 Sep, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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As a fall out of spiraling scrap prices the Turkish mills have revised their unusual spike in scrap prices by another USD 20 per tonne. The global rally in long product prices seems to have held its forte during the entirety of Ramadan. Ironically this increase in offers is not translating into transactions. The current offers at USD 620 per tonne to USD 630 per tonne CFR Dubai for September production and early October delivery is evincing negligible response. The last reported deals were concluded at USD 610 per tonne to USD 620 per tonne CFR up from USD 600 per tonne to USD 610 per tonne CFR a fortnight ago. Market sources say that stockiest and traders in the UAE are favoring buying small tonnages from local suppliers over imports owing to short delivery time and customized quantities helping them to maintain skeletal inventory. With demand yet to pick up they are opting for caution. However with Ramadan on the verge of culmination clarity will emerge next week. www.steelprices-middleesat.com is a comprehensive service for tracking real time domestic steel prices and trends in Middle East. The scope of service includes 1. Domestic pricing information in UAE, Saudi Arab, Qatar, Kuwait and Bahrain 2. Export levels from Turkey, Rotterdam, China, India and Black Sea The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region Methodology and access 1. Benchmark products in each category with fixed commonly used sizes and grades 2. Average transaction levels which have settled well, based on continuous interactions with domestic mills, service centers, stockiest, traders and buyers 4. On fixed market oriented payment terms 5. Daily updates 6. Data available since July 2008 5. Access through web site Products covered 1. Long Products 2. Flat Products 3. FOB levels for export FOB Black Sea, China, Turkey and India Locations 1. Abu Dhabi / Dubai 2. Bahrain 3. Dammam / Jeddah 4. Kuwait 5. Qatar 1. Long Products
2. Flat Products
3. FOB levels for export FOB Black Sea, China, Turkey and India Weekly basis A. Input & semis
B. Long Products
C. Flat products
Other features The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available. In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data. Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news. Subscription charges for 12 month period
How to subscribe 1. Register at www.steelprices-middleeast.com and pay on line or ask for invoice 2. Send mail to admin@steelprices-middleeast.com (Sourced from www.steelprices-middleeast.com) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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