In United Arab Emirates, the price of Rebar remains stable in July, 2015

2015-08-06

The biggest Iron and Steel Production Enterprise, Emirates Steel, announced that the price of Rebar remains stable in July, 2015. Due to the project of halting production and overhaul, the order in June is backlogged, which maybe continue to July. The steel mills are trying to control the new orders, that’s why the steel mills do not cut the price but remaining stable.

Indian Hot Rolled Galvanized Steel Plate Production Enterprises are trying to exploit other markets and still under pressure, because the American demand rapidly decline. At present, European demand of Hot Rolled Galvanized Steel Plate rebounds. Also, the monsoon influences the Hot Rolled Galvanized Steel Plate demand.