06
Jun
19:48
Emirates Steel raises rebar but imports seen limited
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by AED 77/tonne ($21) from the previous month to AED 1,775/t ($483) ex-works for June deliveries, market participants tell Kallanish.
The extent of the increase has surprised some traders who had expected ESI to hike by a maximum of $10/t. This was on the basis that the last Turkish-origin rebar offers to United Arab Emirates were at $440/t cfr Dubai theoretical weight. On paper Turkish…
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Anonymous
Very good overview of the weekly steel market.
Anonymous