SteelOrbis has learned that local
wire rod prices in the
UAE domestic market have remained unchanged since last week at $605-615/mt ex-works, while mills are still offering discounts for higher volume orders. In the meantime, Chinese
wire rod offers to the
UAE are ranging at $560-575/mt CFR Dubai.
Market sources state that buyers in the
UAE are currently buying only what they really need. No bookings for ex-
Turkey wire rod have been heard lately in the
UAE, as Turkish offers are found to be higher than both
UAE domestic prices and Chinese offers.