21
Feb
09:40
Emirates Steel hikes rebar but absorbs some cost
A subdued United Arab Emirates rebar market has obtained some relief after Emirates Steel (ESI) increased its rebar prices for March rolling at the beginning of the week, notes Kallanish.
UAE integrated mill ESI has increased 10-40mm diameter domestic rebar (BS4449:2005 grade GR500B) quotes by AED 100/tonne ($27) to AED 2,588/t ($705) ex-mill theoretical weight for March rolling. Prices had previously remained at AED 2,490/t since the beginning of November 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous