28
Apr
14:51
Emirates Steel lifts rebar by colossal $165/t
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by a whopping AED 606/tonne ($165/t) from May to AED 2,277/t ex-works ($620/t) for June and July deliveries. The move reflects the rapid upward movement in prices on international markets since ESI’s last price announcement at the start of April.
Market participants had been expecting a substantial increase given that the surge in Chinese and Turkish prices in recent weeks has put ESI&rsquo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous