27
Dec
08:02
ESI maintains rebar price for January delivery
United Arab Emirates’ largest producer, Emirates Steel (ESI), has kept its 12-40mm diameter domestic rebar (BS4449 grade B500B) price unchanged for the third consecutive month. It is pegged at AED 2,490/tonne ($678) ex-mill for January deliveries, payable 90 days after the invoice date, notes Kallanish.
"In a way, it is good news,” comments a UAE-based trader. “Last week's retail rebar prices were unjustifiable at AED 2,470/t for ES…
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