Short Range Outlook : December 2015

Sentiment generally negative in global long steel products market Sentiment in the global long steel products market is generally negative due to the expected seasonal slowdown at the end of the year. Most markets are approaching holidays periods and, as buyers in many areas decided on their last purchases of the year in the previous weeks, activity has slackened lately. EU and North American mills have been able to get their orders Long product mills... Read More

UAE denies cancellation of duty exemption

The UAE Ministry of Economy has officially denied speculations that, the exemption allowing the cut end bend facilities in the country to import steel without paying the 5% import duty has been cancelled. The Ministry stated that the cut and bend facilities in the UAE will be under strict control amid reports of serious illegal practices, as there are claims of imported rebars being sold in to the domestic market without any cutting and bending... Read More

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