20
Nov
00:00
Emirates Steel reduces rebar again as international prices continue freefall
Abu Dhabi-based Emirates Steel (ESI) has announced its rebar price for December deliveries earlier than usual, slashing it $10/tonne from the previous month to AED 2,112/t ex-works ($575/t), local market sources tell Kallanish. This could not, however, be confirmed with the producer before deadline.
The move has apparently been made due to fast-moving international market prices, with Turkish rebar having come down some $10/t per week since ESI’s Novem…
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Anonymous
Very good overview of the weekly steel market.
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