UAE-based wire rod buyers maintain wait-and-see approach

Monday, 23 February 2015 18:00:02 (GMT+3)   |   Istanbul
       

Local producers' offers in the UAE wire rod market are in the range of $460-485/mt ex-works this week, while the offers differ depending on buyers and order sizes. Market sources state that Chinese buyers are out of the market due to the Chinese New Year and no new offers have been given from China to the UAE market, while ex-China wire rod prices are expected to become clear after the holiday. Additionally, Chinese offers to the UAE market are expected to remain attractive compared to local wire rod offers, causing UAE-based buyers to maintain a wait-and-see approach for now. Some UAE-based buyers are still suspicious of the quality of Chinese chrome-added wire rods, while other buyers are continuing their purchases from China as the quality of previously purchased chrome-added products satisfied their requirements.  


Similar articles

Iskenderun-based Turkish mill issues its longs prices

06 May | Longs and Billet

China makes positive return from holiday, longs prices up, expectations good but cautious

06 May | Longs and Billet

Turkey’s wire rod exports increase by 172.3 percent in January-March

06 May | Steel News

Wire rod prices in Taiwanese domestic market - week 18, 2024

03 May | Longs and Billet

Southern European longs market still stagnant, but some price hike attempts start to be seen

03 May | Longs and Billet

Romanian longs prices stable ahead of holiday

02 May | Longs and Billet

Emirates Steel Arkan keeps wire rod prices stable for May output

30 Apr | Longs and Billet

Ex-Turkey longs prices stable, focus on Caribbean and Africa

30 Apr | Longs and Billet

Turkish official domestic wire rod prices follow diverse trends

30 Apr | Longs and Billet

Local wire rod quotations in Indian market - week 18, 2024

30 Apr | Longs and Billet