26
Mar
00:00
ESI slashes rebar by $35/t to kill import interest with 200,000t to arrive in April
Abu Dhabi-based Emirates Steel (ESI) has slashed its price for rebar sold to the domestic market in April by AED 130/tonne ($35/t), compared to March. This is in a bid to stave off imports from Turkey, from where some 200,000 tonnes are expected to arrive in April, market participants tell Kallanish.
ESI is now offering rebar at AED 1,760/t ($479) ex-works, its lowest price since the aftermath of the financial crisis in 2009. The steep reduction follows the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous