23
May
16:26
ESI hikes rebar price
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by AED 72/tonne ($20) from the previous month to AED 2,295/t ($625) ex-works for June deliveries. This is in anticipation of the post-Ramadan demand uptick and the prospective increase in Gulf Cooperation Council rebar import duty to 10% from 15 June, United Arab Emirates-based sources tell Kallanish.
The GCC announced this week that all six member countries have finally agreed to raise…
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Anonymous
Very good overview of the weekly steel market.
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