05
Mar
00:00
ESI could lower rebar further for April after steep March reduction to stave off imports
United Arab Emirates’ market participants tell Kallanish that local steelmaker Emirates Steel (ESI) could lower its rebar price further for April deliveries after the AED 105/tonne ($29/t) reduction it implemented this month. The rationale behind this is said to be the desire to discourage imports from Turkey.
ESI’s March rebar price is AED 1,890/t ($515) ex-works, the lowest for over four years. This is largely due to Turkey-origin rebar offers …
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Anonymous
Very good overview of the weekly steel market.
Anonymous