23
Nov
17:02
ESI hikes rebar $77 following international price surge
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by AED 281/tonne ($77) from November to AED 1,732/t ($471) ex-works for December deliveries. The move follows six consecutive weeks of Turkish scrap price increases, which came to a halt last week. This, along with stronger Chinese steel prices, has pushed up Turkish-origin rebar offers to United Arab Emirates.
Besides a Turkish-origin rebar cargo sold by one mill two weeks ago at $435-440/t cfr …
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Anonymous
Very good overview of the weekly steel market.
Anonymous