20
Aug
01:00
ESI slashes rebar $39/t as Turkey-origin booking prices fall further
Abu-Dhabi based Emirates Steel has decreased its rebar price for September delivery to the domestic market by AED 145/tonne ($39) from the previous month to AED 1,545/t ($420.6/t) ex-works. The price beats last month’s record-low since the 2009 economic crisis.
The producer’s hand has been forced by the reduction in Turkey-origin rebar transaction prices since last month, with the latest deal heard this week at $388-393/t cfr Dubai theoretical we…
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Anonymous
Very good overview of the weekly steel market.
Anonymous