06
Dec
13:25
ESI hikes rebar as UAE books Turkish cargo
Abu-Dhabi based Emirates Steel (ESI) has increased its rebar price for January deliveries to the domestic market by AED 30/tonne ($8) from the previous month to AED 1,400/t ($381). The move brings to an end four consecutive months of price declines.
The last price announcement was in mid-October when ESI quoted a record-low figure of AED 1,370/t for two months in advance – November and December. This was said to be an unusual move, designed to tie up trade…
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Anonymous
Very good overview of the weekly steel market.
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